$BTC is very wrong, not optimistic!
Since March 20, 2023, the volume of Bitcoin has dropped sharply, and the K-line has been climbing until now. Looking at the weekly vol volume column in the big cycle, it has shown a volume that is several orders of magnitude lower than before March 20, 2023! So far, there has been no good release of volume, but now the price has risen ridiculously!
Look at the current Bitcoin market, the daily level has fallen below the relay support!
#BTC☀ stopped falling at 65078 the day before yesterday, which is above 65020, Fibonacci 49.8%. This position has strong support and has now rebounded to above 66000. However, the current vol volume is very weak, what does this represent?
It represents that after #BTC突破7万大关 , a correction is urgently needed. There is a high probability that it will continue to fall next week!
There will be a wide range of fluctuations around 66971-65450 at the hourly level on the weekend!
Short-term support below: 65450, 65020, 64550,
Support under outrageous market conditions: 63002, 62770 (55% probability of occurrence)
Super outrageous support: 56579, 50156, 46188 (Haha, don’t be scared when I say this, it’s unlikely to happen now, at least it’s something that will happen after November. After all, we are in a bull market now! I hope that a black swan will come once, otherwise the more it rises, the more panic it will get! I am very uneasy when I don’t see a huge increase!)
Now that the market is so weak, is there still a copycat season in this round of bull market?
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