Is the weekly retracement a pullback to the lower boundary of the weekly line?
道长谈比特币
--
In the last year of previous bull markets, basic daily line pullbacks would reach the bottom, followed by significant upward movements. Then, repeated daily line pullbacks would occur, because during that time, the market was light, making it easier to operate, and the upward movements were substantial. Thus, the daily line pullbacks during that time were at least equivalent to the current three-day line pullbacks. During the 2021 bull market, it also repeatedly performed daily line pullbacks, ultimately peaking at 65, the second wave at 69. Strictly speaking, it wasn't a bull peak, by that time, all kinds of funds had run out, only the main force was controlling the market. In the meantime, a weekly level pullback of 288 was defined as the end of the bull market. Even if it finally pulled up to 69, it was just filling in with time. $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.