At the daily level, we can see that $BTC is currently in a state of "closing triangle" oscillation, with the bottom rising and the top falling. At the same time, the volume below (the white line below) is also gradually decreasing. In this case, it is quite dangerous. If there is no breakthrough or a breakout in a short period of time, stagflation will form, and the bulls will be consumed, forming a callback state. (near the yellow circle in the figure below)
Then let's look at the 4-hour level
The four yellow circles in the above picture can be cleaned, showing that the pressure is still great. Bitcoin has failed to break through four times and has begun to pull back.
The next key support is around 92,000 USD, everyone can take a look at the yellow box in the image below.
If it can drop to this position, I can make a small long position.
After all, in the context of a bull market, I still remain bullish!
At the same time, I can look at the MACD on the daily and 4-hour levels, both showing a downward trend.
-----------
Starting from today, I will post an analysis every day to teach and force myself to learn.
Daily progress!