BTC is currently in a descending wedge, which is generally a violent bullish pattern, but it is not suitable for downstream long positions, because no one knows whether the price will fall back to the middle track or the lower track before breaking through the upper edge.

So it is still better to go long at the lower edge, or wait for the price to break through the upper edge before chasing the long position. The possibility is not great at the beginning, but it can just fall back to 85,000. If you want to cash out in the early stage, the price will generally fall back to the middle track or break through the upper edge.

I know that many people don’t like to look at price patterns and feel that it is useless. Indeed, because the accuracy is similar to that of coin tossing, after all, most price patterns are constantly changing. Only when the price comes out and you look back, you can find that this is not very helpful for trading.

But at least I will refer to some special patterns, such as this pattern is generally a violent wash before pulling the market. The lowest point of the flash crash on August 5 in the middle of the year actually just stepped on the lower edge of a large level of descending distortion.

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