From the historical law, each halving will experience a correction and then a big rise. To put it bluntly, it is to wash out the demand. So this time, is the decline a real trend reversal or a wash? Let's wait and see.
From the current trend, the market has fallen below the triangle and tested the bottom of the box near 60,000 and quickly pulled up. This is what has been mentioned. The price will change the wash structure but will not affect the general trend. The daily line inserted a pin to the lower edge of the box and pulled back. The bottom demand is strong. If the daily line closes the shadow positive hammer line, in the short term, 60,000 has become the stage bottom. Next, it will fluctuate and rebound. Standing on the middle track of the daily line near 68,000 is a strong rebound, otherwise there is still a need to step back.
In the short term, it has experienced a three-stage decline, and the third stage has accelerated the decline in volume. This is a signal that the short-term supply is exhausted, and it has experienced a natural rebound and secondary test. In the short term, the rebound demand is above the secondary test low of 62,100. Breaking through the natural rebound high of 65,600 will continue the bulls. In summary, the overall bullish trend of Bitcoin remains unchanged. In the short term, it has changed from a triangle consolidation to a rectangular oscillation. Yesterday, it tested the previous low of 60,000 and the performance of demand entry also verified the effectiveness of the bottom support of 60,000-58,000. At present, this idea is still maintained. In the short term, the range is 62,000-65,600. It can rebound above the second test low of 62,000.
BTC short-term: There is no problem with the range of 62,300-65,500 high-altitude and low-multiple. Move 600 points after defense
The mood of washing the plate is serious. The operation must be stuck in the range. Whether the new or old operation is not confident, you can consult Zhou Tong for shrinking iron. #比特币减半 #CPI数据 #大盘走势 #Meme #sui $BTC $ETH $BNB
