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#BTC Let's review the shorting from the day before yesterday to today, which is basically centered around the following resistance level. Because the new low of 76600 after the big dump on Monday is the low point of the big swing trading adjustment, so the resistance level for the rebound after the new low is also calculated based on the big swing trading decline.
Because the k-line is a dynamic indicator, the bollinger bands at the hourly level change every day, and the formula calculates the resistance level (shorting point) of the big dump retracement, which will have some difference from the bollinger bands of each day, but it's mostly the same. Combining the calculation formula with the changes in the market to do swing trading, the winning rate will be higher!
btc: drop of 92780-76560 = 16,220
16220*0.618 = 10,023.96
76560+6196 = 82,756 (Short point 1, has been broken through multiple times, but not standing firm)
76560+8110=84,670 (The second shorting point before the release of CPI data on Wednesday night is 84450, with an accuracy of 99% compared to the updated market after the change)
76560+10023 = 86,583 (Short点3, strong resistance level, wait for arrival)
eth: big dump 2318-1752 = 566
1752+216 = 1,968 (Short point 1, visited 3 times, still not broken through)
1752+283 = 2,035 (Short point 2, to be reached)
1752+350 = 2,102 (Short3, to be reached)
sol: The decline is 152.85-112 = 40.85
112+15.25 = 127.25 (Shorting point 1, reached)
112+20 = 132 (shorting point 2, close)
112+25.5 = 137.5 (To be reached, focus on shorting)
ps: Proficiency in extracting the points for long or short positions in daily short-term trading will bring you closer to mastering ultra-short-term and short-term trading every day. This method is suitable for contracts and spot trading of all currencies, but it is not recommended for contracts for small currencies.