11.16 Bitcoin Trend

Early Review: Bitcoin is about to break through $100,000, this key position needs attention!

Bitcoin has been breaking through strongly since September. Now we see the small cycle graph. From the graph, we can see that Bitcoin is constantly raising the bottom. Even if there are adjustments in the middle, they are some very small-scale sideways shock adjustments. In the previous content, Muyang reminded that Bitcoin will have a retracement to kill the bulls He Yue. Bitcoin retreated from around 90,000 to 86,000 points this week, clearing a lot of bulls.

Then we can see that even when Bitcoin retreated, it did not fall below the key position drawn by Muyang, so I repeatedly reminded everyone that He Yue should focus on low-long and must not short in place!

From the Fibonacci sequence, we can see that the current upper pressure point of the big cake is 1.618 (101303). In the previous issue, the shepherd pointed out that a key position is 91000. In this week's trend, the big cake has a retracement when it runs to 90,000, so we regard this retracement as effective. Therefore, if the current big cake stands firmly at the 91000 line, we can continue to be bullish to above 100,000 US dollars in the future!

On the 4H level chart, we can see that the big cake has been oscillating in this small channel. The current price is already on the upper track of the channel. This small channel is a dense trading area. The bottom of the channel is at the 86400 line. There is a dense support here! Once the big cake stands firmly on the upper track of the channel, there will be great momentum to continue to break through to the 100,000 US dollar mark! In the previous content, I said that the big cake will break 100,000 US dollars by the end of the year. According to the current trend, this goal may be very close!

In the real-time strategy, we have been doing more at low levels during this period, including some real-time strategies, such as the ETH3015-3020 line last night! #市场回调，观望还是上车？