ASR-VC indicator 4h channel status update:
$BTC officially reached the second secondary supply zone, and the price behavior reflects that there is a certain supply on the current market. At the same time, the spot premium index fell slightly again. Although it did not have much impact, it is still worth paying attention to.
Since the price has begun to run above the middle track, we should maintain the idea of swinging more and waiting for the middle track to step back.
The current futures market funding rate is generally low, which means that shorts still have positions or shorts, and the secondary supply zone can generally only temporarily suppress prices in a stronger trend structure. Therefore, the subsequent trading ideas should focus on the strategy of going long on the callback or waiting for a small interval breakthrough before chasing more.
The short-term callback target is still around the middle track 105k~106k. If the price callback reaches this area, and there is no short signal in the funding rate and futures premium, then you can try to go long.
As for what is the short signal?
A sharp increase in funding rates or a significant decrease in spot premiums can be considered as short signals, which means that bulls are constantly opening positions.
Finally, are there any short opportunities so far?
Answer: It's the same old way. First look at the trend structure. After lower lows and highs appear at the 1h~4h level, and 1 or 2 short signals appear on the data, you can enter the market on the right to short.
But if the data still favors bulls after the callback, such as lower rates and higher premiums, then you must not chase the short.
For aggressive people, after the price pin enters the upper supply area to form a top-breaking reversal, you can try shorting on the left, but I expect the winning rate to be only 40%, because the current data is still more favorable to bulls.
If there are changes in the data later, I will update before the opening of the US stock market!