📊｜Analysis of BTC's new cycle
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After two days of low liquidity sideways fermentation over the weekend, Bitcoin broke downward at 00:00 on the 16th.
Many people found that it was a downward channel from the weekly chart. But in fact, BTC has quietly walked out of a new convergence trend recently.
What needs to be focused on is whether the new low point has been broken. If it breaks through 52,500 to create a new low, it means that the decline continues. Otherwise, a new trend begins.
