Bitcoin Market View - #BTC
【Weekly Level】
1. Last week formed a long upper shadow hammer pattern, the candlestick pattern leans bearish
2. Indicator Situation: MACD is slowing down, RSI has exited the oversold range indicating market consolidation (indicators have lagging effects, representing historical trends)
3. The weekly target of 110304 has not been achieved yet, and after this decline, it will continue to rise to achieve the weekly target of 110304
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【Daily Level】
1) The ascending channel has been broken, after breaking, it has retested the key resistance level and continues to decline 📉
2) Emphasized here for the past few days that this is a rebound, not a reversal, and explained that the long lower shadow on December 20 is likely a “guiding hand,” all have come true
3) The area around 93000 is a key position, having experienced 9 pin bars; after breaking here, there will be an accelerated decline, pay attention to risks ⚠️
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【4-Hour Level】
This 4-hour chart has been drawn for a week, still marking the range consolidation, Script 2 has completed 50%, particularly focusing on the “short-term support” situation in the last two days; after breaking, we can see the large pie starting with 8. -- -$BTC