Bitcoin Market View - #BTC
【Weekly Level】
1. Last week formed a long upper shadow hammer pattern, indicating a bearish candlestick pattern.
2. Indicator Situation: MACD is slowing down, RSI has exited the oversold zone indicating market consolidation (indicators have lagging properties, representing historical trends).
3. The weekly level target of 110304 has not been achieved yet; after this decline, it will continue to rise to reach the weekly target of 110304.
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【Daily Level】
1) The ascending channel has been broken, and after breaking, it retested the key resistance level before continuing to decline 📉
2) I emphasized several days ago that this is a rebound, not a reversal, and noted that the long lower shadow on December 20 is likely a “guiding hand,” all of which has come true.
3) The area around 93000 is a key position, having had 9 pin bars; if it breaks below this level, there will be an accelerated decline, so please pay attention to the risks ⚠️
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【4-Hour Level】
This 4-hour chart has been drawn for a week, still marking the area of consolidation. Scenario 2 has completed 50%. Pay special attention to the “short-term support” situation over the next two days; if it breaks down, we will see a big drop starting with 8. -- -$BTC