Expectations are fulfilled, and after yesterday's phenomenon of "unclear" for the high-density long liquidity area below, the price began to rebound and come out of the small high, from the structural point of view, it seems to have more and more taste of expansion.
The area with the highest liquidation intensity is still the long liquidation area around 115k, if this pattern is going to end, then you can still expect the price to pull back again today and tomorrow to liquidate here!
Since the current trend structure is still a bullish trend, the small lows have decreased and the highs have also risen, so I still do not recommend shorting, but recommending waiting for the pullback to appear, especially after the long liquidation area is completely liquidated.
If you really want to go short, then just play in the short term, you can take a small probability event before the test, but it is difficult to catch this small probability event before shorting, and you will be accidentally trapped and then stop loss high...
In short, since the market has entered a volatile market, it does not look at the trend, and after the emergence of a strong trend market, 2~3 weeks of shock is very common.
Last night, it was expected that $BTC could continue to pull back downwards and liquidate a wave of 115k long liquidity, and the orders were all hung, and the result was a situation of "it should not be cleared"...
Although just one test does not say anything, if the price still cannot enter the lower long liquidation area to liquidate today and tomorrow, then it means that spot demand has finally begun to consider entering the market.
Generally, only if the spot is willing to buy, the price behavior of the market will occur in this situation where it can be liquidated but not liquidated.
A glance at the spot premium index shows that there is indeed a slight rebound, which means that bears are willing to open positions, and spot bulls are also willing to buy the bottom.
Therefore, although the current thinking has not changed, it is still waiting for the liquidation of the bulls below before going long, but we also need to consider the possibility of a rebound without liquidation.
Implemented in the trading plan, that is, observe the price to test 116k, if the price has a small level of correction again, but cannot fall below 116k, then you can consider the left side to go long in the short term, similarly, if the price rebounds above 120k and goes out of a higher high, then the right side can also go long.
If you are lucky and the price falls below 116k smoothly, then wait for the liquidity below to be cleared before going long.
As for shorting, there is currently only one plan on the right, which requires the price to confirm that it fell below 115k (there is a 4h negative line with an opening and closing price below 115k), which means that the bullish trend has directly turned into a volatile and bearish market, and short-term shorting to 112k is not a big problem~
51.17K
42
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.