👀👀 Update BTC trend!

As in the previous 2 posts, I have continuously talked about the fact that BTC has formed a peak on the daily frame and the remaining thing is that we have to pay close attention to observe whether BTC will form a second peak on the daily frame or not.

Because if BTC forms 2 peaks on the daily frame and confirms the 2-peak pattern, this is a bad signal for BTC, signaling a sharp decline in price for BTC as well as the entire market.

Therefore, early detection or suspicion that BTC may follow the 2-peak pattern on a large frame like the daily frame is extremely important to help us exit the market before the market drops sharply.

Currently, on the daily frame, BTC has a clearer 2-peak signal with the neckline at the price of 87,325. For BTC to confirm this double peak pattern, BTC needs to satisfy the condition of breaking through the 87.325 zone and closing the daily candle below this price zone. Then, if BTC has a bounce back to the 87.325 zone but still closes the daily candle below the 87.325 zone, the double peak pattern is officially confirmed. If BTC does not satisfy the above condition, the double peak pattern is not confirmed and BTC will then form a double bottom pattern.

Therefore, the 87.325 price zone is an important support level that determines the next direction of BTC. So if BTC falls to around the 87.325 price zone, in my opinion, BTC will have a price reaction.

At 7am this morning, BTC will close the daily candle and the weekly candle. Please pay attention to the closing candle.

It is predicted that this week, BTC and the entire market will have strong fluctuations. So please pay close attention to every step of BTC.

P/s: Even though I know that spot is still my main investment portfolio, playing FT with you guys to earn money every day is also very important to me.