[BTC's bottom support line can be regarded as the strongest bottom support trend line since November last year, come and see! ]
The current short-term rebound demand is gradually increasing over time!
It's just that the main force has not given you a clear signal about when to bottom out!
If it falls below the previous low, it means that there are at least 1-2 exhaustion bottoming needs (plan A in the figure)
Based on the bottom support trend line since 27000/35955, the current 61500±300 is the extension of this trend line! (The 3 white lines in the figure are the extension of this strongest bottom support trend line)
This bottom support line can be regarded as the strongest bottom support trend line since November last year!
If it falls below, there will definitely be room for retracement, around consolidation or breakout!
After digesting important events such as Bao's speech, the conflict between Israel and Iran, and the halving of the big cake in recent days, it can still maintain the 61500±300 line consolidation, which basically declares that the short-term retracement is completed, and it will gradually move out of the right pattern over time, and you can start to layout and increase your position!
This point is the suspense left by the main force in the current market. Everyone's consensus is on this line: this support trend line!
Retail investors, indicator experts, main forces also look at whether the standard they draw is standard, and the market will discuss this line. It is a good consensus point for many parties. The consensus point does not mean that it will not be broken. It's just that everyone will focus on this point to trade. Liquidity replenishment, retail investor participation, and the exit of onlookers will expand the position game. With the increase in liquidity, the main force will have another chance to harvest. So if it is spot, we will wait patiently for the right side and other directions!
