$BTC Daily Market Analysis: Is a Big Drop Coming?
We analyze according to the daily K chart. After careful consideration, I decided to expect a rebound decline based on the current daily K direction.
Daily K has fallen below the ascending box, so we should consider the price increase only in the recovery phase. Unless $BTC breaks back into the ascending box and holds firm at the lower boundary, it may be wrong to expect a significant rise. This presents a potential short position opportunity during the recovery phase.
It will be critical to watch closely to see if $BTC can regain the lower bound of the ascending box. Be careful to avoid a big fall!