The current status of the short-term and medium-term market:

1. Supply zone position: The supply zone is located at the high level of the entire range, which is very thick and strong. The price faces great pressure to return to above 60,000.

2. Potential support: There are two small-level demand areas below the market, which can be regarded as potential support.

3. Daily structure: The overall presentation is a "descending expansion wedge", which is a consolidation structure with gradually increasing volatility.

4. Short-term bearish trend: A downward channel has been formed, and a potential rebound may be opened by breaking through this downward channel.

5. Strong pressure level: 60,000~61,000 has become a strong pressure level, and the upper edge of the future oscillation range is likely to be around this.

6. Oscillation range: If the price remains oscillating between 51,000 and 61,000 for about a month and cannot stand above 61,000, then the "last distribution point" can be confirmed, and the entire large range can be regarded as a "distribution range". The new highs caused by ETFs in the bull market in 2024 may be "fake bulls", which are essentially similar to the bull market in 2019.

7. The real bull market: It is expected to be postponed to the second quarter of 2025.

#牛市进展 #牛市前兆