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Market Quick Review: #BTC
1F: After a night of price action development, a 1F center has now formed, and the price structure has become (aAb)A(aA). Personally, I tend to expect a consolidation upgrade here, forming a trend structure with the 5F center below, which would terminate the uptrend and transition to either a downtrend or a larger-scale consolidation. The main trading opportunity right now lies in the first type of short entry or the second type of short after a 1-minute trend divergence, aiming to pull back and build a center. It's currently not possible to discuss an exit segment—before the market chooses a direction, we can't subjectively predict it. Instead, we should follow and wait for the bulls and bears to decide the direction before entering. Therefore, for now, trading can only be done on the 1-minute or 10-second timeframes.
Trading advice: The 1F structure is very full. With this kind of structure, there’s actually no need to wait for a strong pullback or right-side confirmation to sell, as it can easily cause profit retracement. So, if you went long from the 5F third buy, you can consider closing your longs now. However, it’s not yet time to go short, because the buy and sell strategies are not symmetrical. If you want to short, you need to wait for a clearly defined short setup, and for bearish momentum to emerge on the 10-second level, which hasn’t happened yet.