First: The horizontal resistance level is confirmed twice, and no long arrangement is formed. The current large-cycle trend is still short, and there is no reversal signal. The idea is also mainly short, which is beyond doubt.
Second: If the horizontal resistance level is broken, it may go through a flag-shaped consolidation. The retracement limit is the downward trend line, and once this line is effectively broken, it will be regarded as a reversal.
Currently, it is an adjustment after oversold, but from the perspective of rebound strength, it is not ideal, so the potential risk of decline is greater. #BTC走勢分析
The expected target for continued decline is 4.8w.
