BTC plunged 13.8% in three days, what will happen next?
Think about the time when BTC rushed to 108k, we all enjoyed it, right? At that time, everyone was bullish and the atmosphere was hot! But don't forget that the market always swings back and forth between the two emotions of fear and greed.
Why did BTC fall so much in three days? Have we reached the top? Should I cash out?
I guess you must have a lot of questions in your mind. So I wrote this article, hoping to help you relieve your anxiety and see the next step of BTC. Come on, sit down and listen to me slowly.
Take a look at the chart below. This is the tool I use for analysis, and I added some of my own insights on it. The important thing is that my analysis and predictions are based on these charts, so they must be consistent.
BTC soared all the way before, directly skipping two intervals. Look at the green line, which is the upper line of the third interval. As a result, BTC was so bullish that it broke directly. So what will happen next? Generally speaking, after the price breaks a certain level, it will go back and try again. This is what BTC did just now. Look at the green line. It went back and tried again.
Where will BTC go next?
You saw that when BTC went back to try the green line, it was rejected. This rejection signal tells us that the game has just begun. I emphasize again that being rejected during the retest means that we will go higher next, with a target of more than 150k. This is all pure price behavior analysis.
For the next layout direction, I will lead everyone to target the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
