BTC weekly analysis. 2024-1-23-2136 points.
The three consecutive negative weekly lines have confirmed the weekly adjustment. First, it rose from 15,000 at the beginning of 2023 to 49,000, an increase of 226%. In 2023, the first in the global financial market, the floating profit is too large, and it needs to be adjusted. Second, on January 10, 2024, the spot of Bitcoin B passed, Grayscale continued to smash the market, and the Americans gradually entered the market. Two conditions determine the intermediate (weekly) adjustment.
5. The 10-week line has been broken. First look at the 20-week line (36,200). If that doesn't work, look at 31,000-32,000. If that doesn't work, look at 3,000. This is the basis for the fourth production cut, and it is absolutely not allowed to break down.
