The strength of the rebound of Bitcoin still depends on whether the previous point will be removed and the support will be established. If it has not been removed or the rebound is replaced by consolidation, then the ABC three waves mentioned today will be formed #BTC

12-20 Bitcoin Analysis:
Currently, Bitcoin has broken the rising channel trend. From the K-line alone, we can see that the neckline of the head and shoulders top structure has been broken. Therefore, if we are pessimistic and measure from the head to the neckline 1:1, then the target is 907, which is a more left-side idea. The upper resistance range is around the neckline 994.
Therefore, from the situation where Bitcoin breaks the head and shoulders top structure + the rising channel, it has not fallen to the right place yet. It needs to find the long liquidity below. If Bitcoin continues to smash the market to obtain liquidity and then rebounds, it will be blocked at the 994 neckline position. Then it is very likely to take an ABC wave downward trend. The goal of the dealer is to remove the liquidity of this rising market, of course! These are some of the views on the left side of the egg. The current conditions are not met. Let's take it one step at a time. #BTC