BTC yesterday's move was truly a rollercoaster. The 30-minute fake breakout at 90370, how many people were shouting "It's about to start" at that moment, only to be smashed down in the next second. Once the liquidation data came out, it was another classic scenario of the bulls being precisely targeted. To put it simply, this is a typical scythe tactic used by the main players.
The trend on ETH is similar, but the strength of BTC's fake breakout was even more aggressive. The current issue is that BTC has been repeatedly oscillating within a four-hour central zone over the past month, bouncing back and forth in a V-shaped pattern, making trading extremely challenging. Currently, the four-hour candlestick has been sideways for over 12 hours, and the situation is stuck here.
From a Chanlun perspective, there are two key levels to watch next: breaking above 86760 or below 86355. Whether it breaks upward or downward, the real opportunity lies in whether a bottom fractal appears on the one-hour chart. If the bottom fractal is confirmed and the price can close above 86760 or 86355, then it might be time to consider going long. According to this logic, the risk-reward ratio can reach above 1:2.5, and a new stroke should appear on the 30-minute chart in the afternoon or evening.
At this stage, it's best to keep your hands steady and wait for clear signals before acting. The market can change at any moment, so remember to stay updated on the latest trends.
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SerumSqueezer
· 9h ago
The main force's sniper move is really brilliant; yesterday's fake breakout directly harvested a wave of retail investors.
I'm wondering if this chart is intentionally stuck, just refusing to give a clear direction.
The key level at 86760 can't be broken, so it probably needs to continue sideways trading.
Wait for the bottom pattern confirmation before jumping in; don't get cut by the sickle.
Controlling your hands is really more important than anything else; this market just looks so frustrating.
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DegenDreamer
· 9h ago
This wave is indeed a typical example of cutting leeks, with a false breakout precisely targeting the bulls. The main force's tactics are incredibly skillful.
Wait, will the 86760 level really break? It feels like the sideways movement will continue to mess around.
Keep your hands steady and watch the signals for the most stability. Anyway, I'm already scared of getting smashed.
In such a market, it's better to go to sleep and wait for the Chan Theory bottom pattern, saving yourself the trouble.
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CommunityJanitor
· 9h ago
This round was truly incredible. Let's wait for the signal; I was also stunned by the crash.
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GamefiEscapeArtist
· 9h ago
Here comes the pump and dump again, this main force really has one trick after another.
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MEVSandwich
· 9h ago
It's this sickle drama again, yesterday's wave really cut people cool enough
BTC yesterday's move was truly a rollercoaster. The 30-minute fake breakout at 90370, how many people were shouting "It's about to start" at that moment, only to be smashed down in the next second. Once the liquidation data came out, it was another classic scenario of the bulls being precisely targeted. To put it simply, this is a typical scythe tactic used by the main players.
The trend on ETH is similar, but the strength of BTC's fake breakout was even more aggressive. The current issue is that BTC has been repeatedly oscillating within a four-hour central zone over the past month, bouncing back and forth in a V-shaped pattern, making trading extremely challenging. Currently, the four-hour candlestick has been sideways for over 12 hours, and the situation is stuck here.
From a Chanlun perspective, there are two key levels to watch next: breaking above 86760 or below 86355. Whether it breaks upward or downward, the real opportunity lies in whether a bottom fractal appears on the one-hour chart. If the bottom fractal is confirmed and the price can close above 86760 or 86355, then it might be time to consider going long. According to this logic, the risk-reward ratio can reach above 1:2.5, and a new stroke should appear on the 30-minute chart in the afternoon or evening.
At this stage, it's best to keep your hands steady and wait for clear signals before acting. The market can change at any moment, so remember to stay updated on the latest trends.