August 1

BTC market analysis: A strong upward trend, the price encountered strong short resistance after reaching 70,000, and a large negative line directly pierced the support below and 20ema. Then an equidistant shorting pattern appeared, and it fell 9 points from the high point to now.

Now we can get the information:

1. The price encountered strong shorts before reaching the previous high, and the short-term upward trend was broken

2. The short trend is very strong

3. The support range has not responded

4. According to the equidistant shorting theory, the price is likely to continue to fall

Now we need to pay attention to the support range of 64,000 and the support line of 62,000. If both of them are broken by the shorts, then the price will definitely fall below 60,000 and will test the support range of 58,000 again