BTC has reached the 60200 mark again, giving a bearish signal is an opportunity!
It can be seen that the current resistance level around 60200 has multiple resonances (Daily Vegas 144 169 channel pressure level, historical market neckline position, downward trend line suppression), if the current top is not empty, do we have to wait until the bottom to empty?
Looking back at the historical market, after each decline, the trend reversed after nearly a month of bottom consolidation. Obviously, the current accumulation strength is not enough. How small is the probability of a breakthrough reversal signal to attack the bulls in a few days?
At this time, cut to the 15min level to observe the closing of the K line. There are two opportunities to enter the market
1: As long as the bearish signal is closed, it is an entry opportunity
2: After the pressure level is backtested and the previous high is not broken, it is an entry opportunity
If neither is satisfied, wait for the breakthrough, adjust the backtest and stand firm, and enter the long position
