Bitcoin is currently in a volatile market. The entire volatile zone forms a "slightly downward-sloping parallel channel". There are two waves of declines in the slightly downward-sloping parallel channel. The volume of the second wave of decline is smaller than that of the first wave of decline. Although it broke the previous low, the amplitude of breaking the previous low is not large, which shows that the strength of the bears is not strong. Many traders regard this as a double top, but I have always regarded it as a volatile zone. If this is a top, then the two waves of declines will not be shrinking, but expanding, but the bears here obviously did not expand. The volume at the bottom and top is very important. At the bottom, the shorts should shrink and the longs should expand. If not, the shorts are expanding and the longs are shrinking, then it means that it is not the bottom, but a downward relay.

The same is true for the top. At the top, it is normal to have a large decline and a small rebound. If the decline is shrinking and the rebound is large, then it is not a top, but an upward relay. The market is tired and resting, and after resting, it continues to move forward. $BTC $ETH #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？ #山寨季何时到来？