🚨Analysis of Bitcoin's subsequent market!
I opened a breakthrough order this morning after the holiday, but the position was not good and I didn't give you a signal to open a position. I only took 1500 points. I just took it as a feeling (I didn't open a position because my mentality was easily affected during the holiday)😅😂
After the non-agricultural data, Bitcoin also ushered in a surge. After sweeping 60,000, it quickly returned to 64,000, like the last wave of fierce impact before the bull market surge.
Observing the past trend of BTC, the large sell order volume barrier will be tested at least twice before the bull market surge, and a big surge will be ushered in after the gate. This time, the upward trend can also be observed in the price around 66k-68k. For me, this range is a reasonable airdrop surrender price. The decline in this area can be regarded as a defensive counterattack of the airdrop. But according to this trend, BTC will break through 68K in a few weeks, and the rise after stabilizing at 68k will be very, very crazy! !
On the daily chart, BTC will have a short-term high-rise fallback to hit the bulls' morale. If it can rise to the 66-68 range and the airdrop force is significantly weakened, it may enter a period of oscillation and then start to pull back - rise - pull back (oscillation) - rise.
The overall market is still bullish at present, but there may be a large wash-out and fall.
***The indicator in the picture is the Gaussian process regression analysis mentioned in the September article. It can be observed that every time there is a prediction of reaching the top, the price will first break through to the inside of the arc, then break back to the outside of the arc top and reverse. Although this indicator predicts a high success rate of reversal, 💣 but it is for reference only! ! (Because it will change when extreme prices appear)! ! The correlation between the indicator and the price needs to be discovered and tested by yourself to decide whether the indicator strategy can be trusted. ***
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