
Pai X|Apr 13, 2025 03:23
BTC update
The current long-term downward trend of Bitcoin has been effectively broken through, and from a right-hand perspective, it has entered a buying point.
However, it should be noted that a 1-hour bearish wedge appeared at the end of the downward trend.
From the perspective of quantity and energy, although the trading volume of buying orders at the 1-hour level did not gradually increase with the rise in price, the continuity of the upward trend after the decrease in volume and the breakthrough of the downward trend line at the 8-hour level posed significant uncertainty.
During the 1-hour level of increase, although the subsequent volume was not able to achieve a unified volume price on the buying volume, the selling volume remained consistently lower than the buying volume throughout the 1-hour period, indicating that the hourly structure exhibited a behavior of buying volume stacking.
In summary, the 8-hour level contraction has broken through the long-term downward trend, bringing uncertainty to the continued upward trend in the future. At the hourly level, although the structural form is a bearish wedge, the buying volume can exhibit a stacking behavior, which does not conform to the volume behavior of a bearish wedge.
The final conclusion is that, following the principle of following the trend of a larger level and implementing a trading strategy based on the chart structure, if there is a retracement of the downward trend line after 8 hours, the trading strategy of buying after a breakthrough on the right side can be executed. Cautious individuals can continue to monitor the volume price relationship after entering the working day, and then develop new trading strategies.
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