Bitcoin daily line has a long upper shadow but returns to the consolidation zone, and the importance of the K-line pattern is reduced. In the trend of the four-hour and one-hour cycles, we mentioned before that the expected resistance test did not occur, and the decline started directly. The importance of the liquidity area in the intraday trend, but unfortunately the area was not tested as expected. In the medium and long term, the long opportunity will appear in the following situations: Breaking the key low point: The price of Bitcoin needs to fall below the low of 56,000, and may even fall to the previous low of the daily level near 53,200, or below the key support levels such as 54,000 and 54,800. Such a deep correction may provide sufficient momentum and space for the subsequent rebound. Breakthrough after a long period of consolidation: Since the current market is in a long-term consolidation state, and it is easy to fall back after a short-term breakthrough, this is not a positive signal. Therefore, it is necessary to wait for the market to form a clear breakthrough signal, that is, the price effectively breaks through the current consolidation range, accompanied by an increase in trading volume, to confirm the trend change. Today's market volatility is not large, and there is no opportunity for short orders. $BTC$ETH
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