📊#BTC different cycles explained in detail 🔥

🧠Judging from the monthly cycle, the overall trend is bullish, so we are mainly bullish. The ideal target can reach 134.8k-175.5k. The heaviest periodic resistance area in the near future is 87k-95k. The price will be more likely to make a major level adjustment when it reaches here. It is also the best short-selling area. If the development goes as expected, it is possible to make big money. Therefore, if you miss this area and want to go short, you should focus on short-term trading, and don’t be too greedy! ! !

➡️Because it is approaching the end of the month, if the monthly closing price is higher than the neckline of the monthly level, it will be regarded as an optimistic signal.

➡️If development goes as expected, structurally speaking, it may form the largest cup-and-handle structure ever built.

⚠️Notice! This is my prediction and conjecture. The specific market structure is based on actual development and is for reference only! ! !

From the daily level, if we continue to choose to consolidate sideways here, then we can easily find that this is a bull flag in terms of form. This means that we still need to stay in this area for a long time to digest the selling pressure here, and try to focus on conservative trading during the complex consolidation stage.

So when the price pulls back to the buying zone again, just buy boldly! If it falls below this buy zone, then just focus on the daily and weekly level buy zones.

From the 2-hour level, a cup-and-handle structure has formed here, so we chose to add positions near the neckline. It has successfully broken through the turning point, which means that the previous adjustment is over. If you buy according to the cup-handle structure as the entry logic, then the current price has reached the stage resistance zone, you can lock in the main profit, and use the profit position to look forward to more.

⚠️Don’t forget risk management💯
✔️Trade safe✔️
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