#BTC☀ Continuous reminders over the past two days indicate that the downward trend has ended, the reason being that on the 18th at midnight, the four-hour closing was above 92000.
A week of continuous ups and downs has slowly worn down the confidence of both bulls and bears, but no matter how long the oscillation lasts, there is only one direction. Whoever enters the recovery phase first will have an infinitely close probability of occupying the highs and lows, and the previously fallen soldiers will also rise again.
The liquidation price for short positions above is around 95000-100000; until we break below 88600, no one can determine where the top is. This range is not small, as the bulls have sent out a large number of soldiers' chips, and without sufficient profit from the rise, there is no point in the bulls closing their positions.
Currently, without breaking this price for a correction, it can only be called the bulls not being strong, and it cannot predict the correction at the daily level.
90900 is a small level of support, the larger market trend is starting to show signs from the smaller timeframe, further dynamic observation is needed.
The 15m wave still primarily favors the bulls, with a stop loss at 91400; a drop below that indicates the bulls are temporarily not strong. This wave direction has also been indicated for two days, not sure if you have held onto it.
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