On January 30th, the BTC contract [white market] key technical points
Last night's "W bottom" bottoming expected structure has been shattered by a giant black line, hard out of a new downtrend structure, usually only out of the evening session, today to make up for a white market, in addition, today Friday, the closing weekly line, the volatility may be large, open an order with a good stop loss. The current price is trading weakly sideways around 84,300 after the plunge, which is a falling relay pattern, and the high of the rally continues to decrease, so open long orders cautiously. At present, it has been clearly broken below the key support of multiple cycles, and the market structure has completely changed from "bottoming expectations" to "continuation of the bearish trend", focusing on the core high-probability action of "using the rebound to the key pressure level to short".
Core trading logic: • From the macro cycle, the price clearly broke below the long-term trend support at the monthly level (around 87,700) with a large black line. The monthly volatility is high, which warns us that the volatility in the downtrend is enough to bring any contrarian back to zero, and the structure has turned into a deep pullback at the monthly level, and there is no clear signal to stop the decline. • From the perspective of the medium cycle, the weekly line confirms the decline with a large negative line, and the weekly support of 87,718.0 has been regarded as useless, and the structure is a clear weekly level decline main falling wave, and there is no danger below. • From a short-term perspective, the price clearly fell below the neckline of 90,126.5 and the lifeline of 87,718.0 with a giant black line, and the daily structure was completely destroyed. The moving average is a standard bearish divergence, which is a strong daily level downward driving wave, 87,718.0 has transformed from "support" to unattainable core pressure, the market has hardly rebounded after breaking, the bears are very strong, and the rebound is a short opportunity.
Long-short watershed: 87,718.0 USDT (The multiple supports on the monthly, weekly, and daily lines that have fallen below are now "ceiling pressure" that cannot be easily returned).
Upper pressure level (short zone): P3: 90,126.5 (front "W bottom" neckline, strong pressure) P2: 88,500.0 (psychological threshold and platform on the way down) P1: 87,000.0 - 87,700.0 (first effective counterpressure zone after the plunge)
Lower support level (short target/observation area): S1: 83,318.1 (24-hour low, top target in the near future) S2: 80,000.0 (Key psychological mark, strong support) S3: 76,000.0 (deeper support, corresponding to the early transaction intensive area)
Probability Trading Discipline: 1. The above points are technical speculation and calculation points, non-accurate points, which can float up and down the point by 100~150 points to place orders; 2. Today's stop loss distance: 1200 points; (The take-profit distance can be set by 1:1 for novices, and the veteran can execute the distance level by 50%-75% to reduce the position and then move the principal protection loss to hold the order); 3. Execute up to 3 preset trades per day (long, short ambush, breakout and steady trend orders); 4. The cumulative daily loss reaches 10% of the principal, and the machine is forced to shut down and rest.
Probability trading conclusion: The market is in a multi-cycle resonance of the main falling wave, and the high probability strategy is: only short. Main strategy: Wait patiently for the price to rebound to the core pressure area P1(87,000-87,700) to place short orders. Since the decline has been deep, a violent rebound may occur at any time, so be sure to place an order and wait, do not chase short, and observe short positions. Note: The order must be strictly stop-loss, set up with a fixed risk, use the same 1:1 profit-loss ratio, let the market inertia pay the reward, and implement this simple and repetitive system for a long time, and you will make a stable profit.
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.
On January 30th, the BTC contract [white market] key technical points
Last night's "W bottom" bottoming expected structure has been shattered by a giant black line, hard out of a new downtrend structure, usually only out of the evening session, today to make up for a white market, in addition, today Friday, the closing weekly line, the volatility may be large, open an order with a good stop loss.
The current price is trading weakly sideways around 84,300 after the plunge, which is a falling relay pattern, and the high of the rally continues to decrease, so open long orders cautiously. At present, it has been clearly broken below the key support of multiple cycles, and the market structure has completely changed from "bottoming expectations" to "continuation of the bearish trend", focusing on the core high-probability action of "using the rebound to the key pressure level to short".
Core trading logic:
• From the macro cycle, the price clearly broke below the long-term trend support at the monthly level (around 87,700) with a large black line. The monthly volatility is high, which warns us that the volatility in the downtrend is enough to bring any contrarian back to zero, and the structure has turned into a deep pullback at the monthly level, and there is no clear signal to stop the decline.
• From the perspective of the medium cycle, the weekly line confirms the decline with a large negative line, and the weekly support of 87,718.0 has been regarded as useless, and the structure is a clear weekly level decline main falling wave, and there is no danger below.
• From a short-term perspective, the price clearly fell below the neckline of 90,126.5 and the lifeline of 87,718.0 with a giant black line, and the daily structure was completely destroyed. The moving average is a standard bearish divergence, which is a strong daily level downward driving wave, 87,718.0 has transformed from "support" to unattainable core pressure, the market has hardly rebounded after breaking, the bears are very strong, and the rebound is a short opportunity.
Long-short watershed: 87,718.0 USDT (The multiple supports on the monthly, weekly, and daily lines that have fallen below are now "ceiling pressure" that cannot be easily returned).
Upper pressure level (short zone):
P3: 90,126.5 (front "W bottom" neckline, strong pressure)
P2: 88,500.0 (psychological threshold and platform on the way down)
P1: 87,000.0 - 87,700.0 (first effective counterpressure zone after the plunge)
Lower support level (short target/observation area):
S1: 83,318.1 (24-hour low, top target in the near future)
S2: 80,000.0 (Key psychological mark, strong support)
S3: 76,000.0 (deeper support, corresponding to the early transaction intensive area)
Probability Trading Discipline:
1. The above points are technical speculation and calculation points, non-accurate points, which can float up and down the point by 100~150 points to place orders;
2. Today's stop loss distance: 1200 points; (The take-profit distance can be set by 1:1 for novices, and the veteran can execute the distance level by 50%-75% to reduce the position and then move the principal protection loss to hold the order);
3. Execute up to 3 preset trades per day (long, short ambush, breakout and steady trend orders);
4. The cumulative daily loss reaches 10% of the principal, and the machine is forced to shut down and rest.
Probability trading conclusion:
The market is in a multi-cycle resonance of the main falling wave, and the high probability strategy is: only short. Main strategy: Wait patiently for the price to rebound to the core pressure area P1(87,000-87,700) to place short orders. Since the decline has been deep, a violent rebound may occur at any time, so be sure to place an order and wait, do not chase short, and observe short positions. Note: The order must be strictly stop-loss, set up with a fixed risk, use the same 1:1 profit-loss ratio, let the market inertia pay the reward, and implement this simple and repetitive system for a long time, and you will make a stable profit.