🐴1.17 Afternoon market view.🐴
$BTC view:
Time flies, it's Saturday again so fast. On workdays, the big pie is fluctuating, how good do you think the trend can be on non-working days?
As long as it doesn’t drop and continues to fluctuate, that’s already very good.
What more do you need, a bicycle🚲?
The big pie has already broken through the bearish flag shape. The lower boundary of the current flag shape and the upper resistance at 95742 form a resistance co-vibration. It either doesn’t break or breaks through all together at 95742. This position has been consolidating for a day and a night without breaking through. This position's resistance is a bit strong. Remember, if it can’t break through 95742, it cannot continue to rise. Only by breaking through 95742 and returning to inside the flag shape can there be a chance to look at 97078 and the previous high. If it can’t go up, it’s useless.
Now it has already made the second retest of the support at 94479. Look at the left side where the yellow arrow points to the first retest of the support at 94479; you can see the rebound strength directly creating a new high. For the second retest, if you don’t break the previous high, at the very least, you should test 97078!
If it doesn’t even test 97078 or can’t even get past the resistance at 95742, the big pie will continue to retest the position at 94479. This is a natural rebound after a decline. If it can’t get past the upper resistance, it will retest the lower support. If it can’t hold, then look at the support at 93103 below. If it breaks, continue to look down near 91673.
The big pie breaks through 95742 with volume and looks upwards at 97078, stop-loss at 94479. If it rebounds to 97078, sell a little on the left side, and if it breaks the previous high and creates a higher peak, set a stop-loss.
The big pie at the hourly level breaks and stabilizes above 95742, looking upwards at 97078-97888. If it can’t go up, it can’t see anything above 95742.
At the 4-hour level, if it breaks below 94500, look down at 93327-92312.
Upper pressure 95742-97078-97888
Lower support 94500-92983-91725
$ETH idea:
The second pie breaks through 3300 with volume, chasing long on the right side, retracting the stop-loss.
3272 breaks with volume, chasing short on the right side, keep a good stop-loss.
Retest 3187 to confirm the support is effective for one more hand,
Stop-loss at 3146.
The second pie at the hourly level stabilizes above 3300, looking upwards at 3338-3380.
Pay attention to 3380 above to short one hand,
Stop-loss at 3417.
Left side spike order: 3130 long, stop-loss at 3100.
Upper pressure 3300-3338-3380
Lower support 3275-3220-3171
At the 4-hour level, if it breaks below 3274, look down at 3218-3171.
Please see the comments section.
