🌿1.21 Afternoon Market View.🌿
$BTC View:
The market has dropped quite significantly. From the liquidation map, it seems that all the unnecessary liquidity below has been completely cleaned out; there is nothing left, it's all bare. Now, only some short liquidity near 92000 and 92600 remains to be cleaned. We don't know when it will be cleaned, but currently, the hourly bullish trend of the market has been broken, and it has reversed from a bullish to a bearish trend.
Currently, the market is consolidating within a bullish flag pattern, and we will see if it can break through the bullish flag. A breakout is needed to reach the resistance at 89830; establishing itself above 89830 is necessary to reach 91392.
If the flag cannot break, it will continue to oscillate around 89830-87801. Right now, it is just a natural rebound after a decline; if the rebound cannot break the upper resistance at 89830, it will test the lower support at 87801 again. If it can hold, it will consolidate after the decline; if it cannot hold, it will continue to fall.
Is the position pointed to by the white arrow below the bottom? I hope it is the bottom, but this position is very likely not the bottom. If it were the bottom, there would be a rebound; the rebound is also not the bottom. The volume indicated in the yellow box has been continuously decreasing during the rebound, and a rebound without volume is very difficult to sustain.
The market should break through 89206 with volume to chase longs on the right side for a rebound. If it breaks down with volume at 89010, it cannot recover, and one should short on the right side. Make sure to set a stop loss.
The hourly level of the market needs to break and stabilize above 89866 to look upwards at 91350-92360; if it cannot rise above 89866, it is of no use.
At the 4-hour level, breaking below 88211 looks down to 87408-86563.
$ETH Idea:
The second market should break through 2969 with volume to chase longs on the right side, and set a stop loss.
If it breaks down at 2959 with volume, short on the right side and set a stop loss.
Re-test 2917 to confirm effective support for an additional position,
Break below 2884 to set a stop loss.
The second market's hourly level needs to stabilize above 2976 to look upwards at 3009-3043.
Be cautious of the second market above 3049 to short one position,
Set a stop loss if it breaks through 3090.
Left side limit order: 2838 long, break below 2794 to set a stop loss.
Upper pressure: 2976-3009-3043
Lower support: 2957-2921-2865
At the 4-hour level, breaking below 2921 looks down to 2890-2827. The second market will only be able to move upwards once it breaks this declining trend line; if it cannot break, it is of no use. Meeting adjourned.
