BTC Adjustment Internal: The black line is the first part of the adjustment, the blue line is the second part of the adjustment, the red line is the third part of the adjustment, and the red line is not a push wave.
Excluding altcoins and looking solely at Bitcoin, the current movement is still a very strong horizontal adjustment, using time to exchange for space. In a bull market trend, this head and shoulders pattern has a higher probability of being a continuation rather than a top.
The daily MACD indicator has completed a bottom divergence, and the complete line chart is as follows:
I believe the next market trend can be expected to see a rebound, but whether it is a rebound or a reversal depends on how the upper resistance levels perform.
Small resistance levels at 97000, 98500;
Large resistance levels at 102000, 105000;
