Bitcoin High-Level Consolidation
How should we plan for the market ahead, hunt for bulls❓
On Monday, there has not been a significant plunge, the market has been steadily rising with fluctuations over the weekend. The overall structure of the market is still in a bottleneck position within a downtrend, with signs of reversal pressure at high points indicating a peak. The trading volume is also relatively sluggish, and the rise with reduced volume is not a good sign. Meanwhile, the four-hour structure shows a divergence pattern, suggesting that a significant strong upward breakout in the short term may hold some uncertainty.
Currently, the coin price is around 97600. Since Bitcoin peaked at 99660, a box structure has gradually formed, with the market repeatedly oscillating, creating panic psychological emotions. The current price is basically at the top position within the trend adjustment game, with the possibility of extending to the 98600 area for a second pressure test. Therefore, short positions should also be entered at the top pressure testing position, which is around 98600. Looking back within the day, a fluctuation of 1500-2000 points is not a big issue, with the stop-loss position at the previous high area! #山寨季來了？ #AI与GameFi市场表现 #比特币打破感恩节魔咒 #币安BNSOL质押PYTH #山寨币走势展望