●Abstract before the article: See attached figure for details #BTC
I’m afraid that the next article will need to be very long, so I’ll post it first.
First, let’s take a look at the article’s cover area at 4 o’clock in the morning yesterday. The short speculation is not over yet, and it will start to establish consolidation high and low points. It is also mentioned that when the consolidation high point is established, it may be judged as a rebound. So far, you can see that the price started to rise at four o'clock and reached a consolidation high as mentioned in the attached picture at 12 noon.
Then it started to move downward towards the consolidation low and hit a new low. It can be clearly seen from the K line in the attached picture that after the consolidation interval is established, it has been moving inside.
●Future (Follow-up):
Later, at the end of the attached picture, it was mentioned that after 4 a.m. on the 4th, short-speculators will test the market. If the test is successful, they will hit a new low after 4 a.m. and break through the consolidation area.
However, this does not seem to be the beginning of short speculation, and it may continue to consolidate again.
Because the consolidation is used to consume the bulls and has not yet been exhausted, this will cause some concerns for short speculation that it will take more time to continue the consolidation.
But let’s first pay attention to the news from the short-speculators after 4 o’clock in the morning. If they really feel that the long positions have not been exhausted and need time, the short-speculators will first... Due to theft and counterfeiting of the group, the second half will not be released for the time being. Posts will be posted on Binance Square first, please check the posting time. If you need the latter part, please search for my name to subscribe.
