Continuation of a 4-hour BTC transaction, focusing on the conclusion of the transaction.

CN
1 year ago

The rebound of BTC in the 4-hour timeframe is very weak. Currently, it is heading towards the next move, and a bottom reversal pattern has not yet appeared. The end of the downward move cannot be confirmed;

Continuing to look at the detailed trend structure of this move at a lower level, the current trend is a consolidation and downward trend at the 5-minute level. Currently, there is a rebound corresponding to a segment in the 5-minute timeframe. It is important to pay attention to whether the rebound strength can pull back to the center. If it does, the rebound strength is acceptable, and it is a good opportunity to enter long positions without hitting the low point 2. If the rebound strength is weak and a sell-off occurs, the downtrend will continue, and long positions should continue to wait;

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