Everyone is asking Brother Niu to post another analysis of Bitcoin so that they can open orders according to the analysis and trend. Brother Niu will now tell you in detail the three possibilities of Bitcoin's current trend (Figure 2 connects to the previous analysis, and the first analysis is also pinned):
Brother Niu previously speculated that Bitcoin's lowest drop range was approximately 83200-85250, and then Bitcoin's lowest correction reached 85159.9, which has fallen to the target range, so it is the first possibility: 85250 has met the needs of retracement, and now it is oscillating, and then rising.
When Brother Niu wrote this post, Bitcoin was already rising, but in my opinion, if Bitcoin cannot reach 92000 within a period of time. Then it is the second possibility: 85250 is not the low point, continue to look for low points, but the premise is to break 87520!
The third possibility is simpler, similar to the first one, the price of Bitcoin's oscillation will become smaller and smaller, forming a triangular convergence pattern. The subsequent trend depends on how it goes, whether it is a breakthrough or a decline. If this pattern appears, the estimated price will fluctuate around 90,000.
Brother Niu’s previous blog post is pinned. The callback will be before the 16th, and it will be safe to open longs after the 16th. Now is not a safe period. If the position is not good, you will be shocked to death. As for 10w, Brother Niu estimates that it will be reached around the 23rd, and then start to fluctuate downward.
