#BTC Yesterday early morning, after a sharp rise, it pulled back, and in the morning, Kongdan directly ran, with an 800-point gap. Then it kept waiting for a rebound, and in the afternoon, a rebound of 767 directly gap and only took a 300-point defense, but did not break the defense, and moved back in the evening. In the evening, a 950-point gap was established, and then waited for the nighttime fundamentals. Once the nighttime fundamentals established a gap around 763, it directly gapped again. Currently, there is a 700-point gap, still waiting...
The nighttime fundamentals established a gap without a clear breakout signal, and the U.S. side also did not rule out the possibility of negotiations, clearly showing no sincerity. So since there are no negotiations, it is undoubtedly a gap for the market. Structurally, the four-hour Bollinger Bands have shifted from narrowing to expanding downward, indicating that the downward gap is gradually releasing, and the downward expectation is quite strong. The daily trend has already turned bearish, so it will test the lower lows, and once the lower lows are broken, it will test the Bollinger middle band. So continue to wait.
Currently, 756 can be moderately gapped, and reduce positions between 743 and 739, then observe the bottom support. If broken, it could reach around 725.