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Market Quick Review: #BTC $BTC
4H, after forming a secondary buy, it reached a new high, indicating a strong short-term reversal turning into a weak short-term structure. Currently, the main trading opportunity lies in whether the secondary timeframe can extend the trend or if a divergence signals a short.
5F, three 5F trends upgrade to a single 30F standard trend, not a divergence, but the current 5F trend is a double-central structure. It is bullish, but no long positions should be taken here. The correct trading rhythm should be to first short on the 5F, then go long on the 30F.