Remember that in this world, there are only two types of animals that can climb to the top of the pyramid: one is the eagle, and the other is the snail. For most of us ordinary people, perhaps we are that snail that struggles upward. Although we do not know how far we are from success after our persistence, patience and perseverance will shorten this distance to varying degrees. Our actions may be slow, but we will never take a step back, after all, we are only one method away from success. I hope that every friend who finds their own investment path not only has the ability to make money alone but also possesses a complete investment philosophy, mindset, and skills, so that they can achieve lasting profits in the investment world.
BTC's rebound yesterday did not break through the 118000 level, but instead faced resistance at this position, unable to rise for a long time. I positioned myself to short at the high yesterday, and the overall results were quite good. Why is the market not breaking through now? There is a higher probability that it is a trap to lure in more buyers, making everyone mistakenly believe that it is a high-level consolidation and accumulation. Once the buying is complete, a fierce sell-off will ensue. This trend is just my personal opinion; next, let's look at the technical chart.
In the four-hour technical chart, the price cannot stabilize and instead falls, forming a double top pressure state. Looking at the Gann lines, the triangle pattern has completed its rise, and the price is right at the resistance level of the upper Bollinger band. Moreover, the fast and slow lines of the auxiliary indicators are about to converge downwards, and the bullish momentum bars are gradually weakening. All signs indicate that the price will experience a slight rebound followed by a decline, so we continue to maintain a bearish outlook for the day.
Within the day, it is advisable to look for bearish trends around 117900-117700, aiming in batches towards the 116000-115000 area, with a long-term target at the 107000 level. It may take time to wait, and everyone's position varies, so arrange it reasonably based on your own situation #BTC#.