Daily Level: Support and resistance swap zone, MACD still below zero axis, current position is critical. Don't predict the market, respect the market. Currently no reversal has appeared yet. The next two days are extremely critical positions. If support and resistance swap zone is broken through, a large number of short positions will be liquidated(Shorts, also called buying to close shorts, will cause prices to surge rapidly), resulting in the first major pullback within the bear market!
Current situation: Even in case of a breakout, there is still a possibility of bull trap. The position in the circle in the chart is similar. Combined with false breakouts and downtrend line suppression, the short-side trend continues!
#BTC
Daily Level: Support and resistance swap zone, MACD still below zero axis, current position is critical. Don't predict the market, respect the market. Currently no reversal has appeared yet. The next two days are extremely critical positions. If support and resistance swap zone is broken through, a large number of short positions will be liquidated(Shorts, also called buying to close shorts, will cause prices to surge rapidly), resulting in the first major pullback within the bear market!
Current situation: Even in case of a breakout, there is still a possibility of bull trap. The position in the circle in the chart is similar. Combined with false breakouts and downtrend line suppression, the short-side trend continues!