Discuss the market trends of Bitcoin

First, let's take a look at the monthly chart shape of the cloud. Theoretically speaking, from the monthly perspective, it is undoubtedly a bull market at the moment, because a rise at the monthly level definitely represents a major trend, so when the monthly line turns upward, it basically indicates that the market is heading towards a big bull.

Figure 1

Weekly Chart

Currently, the weekly chart is nearing its peak, estimating that there might be one or two more weeks of upward trend, or it is possible that this week’s upward trend has already reached its peak, as 100000 is a large round number and poses significant market pressure, so it is not easy to break through. Additionally, the weekly chart is facing pressure from the trend line, as well as divergence at the weekly level. Therefore, the risks are relatively high.

Figure 2

Once the weekly chart starts to show a downward pattern, it indicates that this wave of upward trend has already come to an end, thus the indicator for exiting at the peak remains the top of the cloud's weekly chart.

Figure 3

At the daily level, there are risks in the short term, and the daily chart has formed a double top pattern. The risks at the daily level are present, but generally not very large; the biggest concern is the risk at the weekly level.

Figure 4