Market Quick Review: #BTC



1F: After a night of price action development, a 1F center has now formed, and the price structure has become (aAb)A(aA). Personally, I tend to expect a consolidation upgrade here, forming a trend structure with the 5F center below, which would terminate the uptrend and transition to either a downtrend or a larger-scale consolidation. The main trading opportunity right now lies in the first type of short entry or the second type of short after a 1-minute trend divergence, aiming to pull back and build a center. It's currently not possible to discuss an exit segment—before the market chooses a direction, we can't subjectively predict it. Instead, we should follow and wait for the bulls and bears to decide the direction before entering. Therefore, for now, trading can only be done on the 1-minute or 10-second timeframes.

Trading advice: The 1F structure is very full. With this kind of structure, there’s actually no need to wait for a strong pullback or right-side confirmation to sell, as it can easily cause profit retracement. So, if you went long from the 5F third buy, you can consider closing your longs now. However, it’s not yet time to go short, because the buy and sell strategies are not symmetrical. If you want to short, you need to wait for a clearly defined short setup, and for bearish momentum to emerge on the 10-second level, which hasn’t happened yet.
BTC0,45%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)