It is the last day of the week again. Since I interpreted the market last Saturday, I have stopped for a week. The reason is very simple, it is volatile, there is nothing much to say, and the direction and view remain unchanged (price behavior), so the long-term operation method has not been updated. Enough nonsense, now start to interpret the BTC market!

1. News (Needless to say, the intention of interest rate cut is very obvious, which is good news)

2. Technical (Currently, the price has reached 64,800, and has reached the pressure zone. The price will either break through the pressure zone and go long on the callback, or go long on the callback support zone. Then I want to talk about a more important thing, that is, many KOLs say that the bull is back. In fact, there is no difference between bull and bear in price behavior, only form, liquidity, supply relationship, true and false breakthrough, so we have to put aside the concept of bull and bear. From the figure below, you can see the bull flag form. If you are capital and want to smash the market, what is the first choice? It must break the upper track, get enough liquidity from somewhere, and then smash it. Therefore, the upper track of 70,000 will definitely break, and then, whether it really breaks 100,000 is hard to say, so don’t look too far when trading)

Note: The pressure zone and support zone are given in the figure below!

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