BTC is currently between resistance 84850 (the rebound point yesterday morning) and 85385. These are the two resistance levels calculated yesterday morning and also the high points of the 4-hour rebound. Let's also look at the rebounds on the 6 and 8-hour charts. The rebound after hitting bottom is a continuous action, which will take place successively on the 4-12 hour charts. Furthermore, the U.S. stock market stopped falling and rebounded on Friday, so if you want to enter a short position again, you should monitor the breakthrough of the resistance level closely and adjust the shorting point up by 2 resistance levels.


The rebound was completed in the 4 hours from last night to early this morning, and support was obtained near 83300 on the pullback, so no more short positions can be entered near 84850-85385. resistance look at 86600/86825, 88650, those who bottomed yesterday should pay attention to taking profits in batches near the resistance.
Support levels below: 82350, 81555, 80755 (follow-up retracement, enter long at lower prices)
ps: Rebound is not a reversal. If you are holding a position, take the opportunity to reduce your position appropriately when Rebound comes up. Don't feel like the sky has cleared all of a sudden, and the crisis is completely averted. Always minimize the risk, and you won't be so panicked.
BTC1.55%
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Jessiovip
· 03-01 06:29
So accurate, this algorithm is so bull.
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