1-6 Bitcoin Analysis:
Last Friday, Dan mentioned that once Bitcoin forms a head and shoulders bottom pattern, it will pull up. However, from the daily level, during the entire upward process, the trading volume has not kept up; the price has risen, but the volume has not. So now Bitcoin is approaching the $100,000 mark. If Bitcoin breaks through $100,000 with low volume, it is very likely to be a potential bearish signal.
Returning to the short-term level: From the perspective of candlesticks, the left side of the 2-hour level, 102,500-103,000, is currently the largest resistance zone. Coupled with the Fibonacci 0.618, this resistance is also a potential Fibonacci retracement zone. If there is a chance to come here, Dan is still willing to try to short Bitcoin. This is also a more left-sided thought of Dan's #BTC☀