BTC First of all, the weekly line of Bitcoin is about to cross the golden cross, and the overall trend at the large and medium levels is still bullish. There is still a chance to break through 70k before the election, and even reach the height of 75k, so the overall idea is to pull back and take more
In the short term, the top divergence is more serious, and there are two ways to resolve it:
The first is the conventional green line method, which directly pulls back a wave to complete the shark pattern to around 62k and then pulls up. This is reasonable from the perspective of the pattern, but it will also give retail investors who have not yet laid out and entered the market an opportunity to buy at the bottom
The second is to use sideways fluctuations instead of falling, that is, the red line method, which will also resolve the divergence if it is held at a high level, and then start to pull the market
The overall idea is to pull back and take more, and if you try to go short, you must be cautious with a stop loss
