Last week, #BTC☀ fell from 70,000 to below 50,000 and then quickly recovered. In the previous post, it was said that there would be a wide range of fluctuations between 5.3 and 7.3, but I didn’t expect it to be so fast. This range is still valid. It’s just that a new 2B structure (yellow circle) has appeared at the lower edge of the range.
So is there still hope? Why is the decline greater than the big pie, but the rise is not as strong as the big pie?
Here we need to look at futures. The gap in Bitcoin futures has been repaired, but the gap in Ethereum futures has not been repaired yet.
If you hold a position below, I still do not recommend throwing away the chips, hold on patiently. The gap of Ethereum will definitely be filled, and this wave of selling will allow the main force to collect more chips at a lower cost. On the weekly level #BTC走势分析 Bitcoin has closed with a positive line, while Ethereum has not yet closed with a positive line, so hold on patiently and wait for the harvest season to arrive.
Another thing that needs special attention is that a huge amount of Bitcoin has been placed at 50,000, and the chips that are changing hands are very sufficient. The current price is in a dense moving average range, and it will wait for some time before choosing to move out of the unilateral market.
Finally, I posted my actual picture:
