On September 21, the air force (i.e. investors who short Bitcoin) needs to be cautious, because BTC's big players seem to be betting heavily on bulls, which may trigger a strong upward trend and hit the air force.
The current wave of BTC's rise is obviously different from the past, so don't rush to short blindly now, or even if you short, you should stop when you are ahead, and don't be easily confused by the market pattern. Because the possibility of a large-scale trend reversal is getting smaller and smaller, the lows have gradually risen, and the highs are also ready to break through. 65,000 is the last hurdle that the bulls need to overcome, but I think this resistance level is easy to break through.
Once 65,000 is successfully broken, the W-bottom pattern you like at the large level will be established, and the violent bull market will be re-established. From the perspective of volume and price structure, the possibility of a big drop is not high, but small drops and sharp drops will often occur. However, this should not make us lose the direction of trading.
After a wave of consolidation, the intraday market has seen a strong pull-up, and after the high, it has formed a correction. There has been no significant decline at present, showing a trend of high-level correction. From the trend point of view, after the accumulation of power to the high, the space has not been fully released, so today I am still optimistic about the further continuation of the market. But this is also accompanied by a periodic consolidation and further accumulation of power. If you are not satisfied with the market operation recently, you can consult btc0796 to find me, and we will communicate and plan the medium and long-term market together.
