Bitcoin monthly level, from a long cycle, momentum is still fading. Although the lower shadow of last month is very long, we can see that the entity is gradually moving downward.
From a weekly perspective, a large negative column last week completely covered the previous positive column, a typical bearish signal. It is expected that this week will close with a negative column with a high probability, mainly based on the idea of high altitude.
For the daily line, there are two possibilities, either it will fall directly or it will form a head and shoulders top around 62000-62500 as predicted in the picture, and then continue to fall. This is my current personal opinion.
For the short term, it is currently in a box, and it is good to eat the band back and forth. Go long around 57000
Go short around 61900
This is my personal opinion and the market is deduced based on my personal experience! 😊
