Trend analysis of $BTC after breaking the previous high twice:
【Common ground】
1. In the first two cycles, the week when the currency price reached the previous high ended with a negative line.
2. After reaching the previous high, there will be two callbacks, one in the week when it reaches the previous high, and one in 1-2 weeks after breaking the previous high.
【difference】
1. The first time it broke the previous high, the two corrections lasted more than 2 weeks; and the second time, each correction lasted 1 week.
2. In the first cycle, the two corrections were both above 30%; in the second cycle, the two corrections were both within 20% (17% & 10%).
in conclusion:
1. In every cycle, the price will fluctuate near the previous high for a long time, with at least two corrections of different amplitudes.
2. After a correction, there will be a crazy rise for at least one month, and then there will be a major correction! (The first round is 2 months, the second round is 1 month)
