BTC continues to maintain a high-level oscillating trend, but according to the market, the bullish trend has obviously weakened, and there may be important retracement signals and opportunities in the next few days.
From the daily trend, although the price is still above MA7, the distance between the price and the MA7 support is gradually compressed. At the same time, there have been frequent retracements to the MA7 support rebound recently, and the support has begun to be gradually tested.
Once there is no new opportunity for bullish sentiment to be ignited or activated, the price may fall below MA7 in the gradual test, and the trend will also enter a short "weak period", from strong bulls to weak bulls, and take a healthy correction trend.
When the price falls below the MA7 moving average, the price has a greater probability of continuing to maintain a oscillating and falling posture. It is initially expected to take a oscillating correction of the upper rail of the daily line, and the target reference of the upper rail correction is around 82,000.
