We are keeping a close eye on the key level of 85072 for Bitcoin.
As long as it holds this level, the possibility of an upside will always exist.
At the close of yesterday, all the stocks were sold out.
If the price falls below 85072 at the close of today, the downtrend will be confirmed again.
The first target is the blue box below.
If this blue box can play a supporting role, the price may attack 90000 points again.
Currently, BTC is being sold off as the Harmonic Crab reaches the reversal zone.
We are also trying to get more confirmation information without rushing.
If the harmonic pattern closes above 91501, then the harmonic pattern will be invalid and we will have to operate according to the resistance above.
Let's talk about the resistance level. The next resistance level is in the horizontal range of 95,000 - 102,000 points. When a bearish confirmation signal is received, this harmonic pattern may cause a 40% or 60% decline in the upward wave starting from 49,000 points.
If the market enthusiasm can continue, even if there is a 23% correction, the upward trend may continue, but it may not be able to reach the target corresponding to the harmonic pattern. Guanzhu Public Account: Bi Laoyan, Mianfei Jiaqun.
In short, no matter which direction BTC goes, we will follow its trend.
As long as the closing price of the daily line is not lower than 66,835 points (that is, the last bottom position before the rise), our expectation for the rise will continue.
