11.22 Bitcoin's "White Chart Line Challenge"

In response to fan demand, we are doing another episode of the Bitcoin "White Chart Line Challenge", taking the perspective of the leveraged lenders to perform a "market control". Due to the high difficulty of the white chart line, this is for reference only and should not be considered a high-probability event.

First, because Bitcoin has currently broken through the small-level resistance at 98440, we will make an assumption.

We believe that Bitcoin will continue to slightly break through the previous high to reach around 100,000 or approach the previous high without breaking it, forming two "head and shoulders bottom patterns". Why does this pattern occur? Because this pattern occurs in a situation where there are more bulls; it does not want high-leverage bulls to profit too much, and it also needs to stabilize bullish sentiment. Therefore, in the case of clearing out high-leverage bulls, a rapid "small mouth V reversal" occurs, stabilizing bullish sentiment while applying pressure on bears. After a period of oscillation and consolidation, we can also clear out small-level high-leverage bears, ultimately breaking below the trend line and rapidly moving downward.

The result would be reaching around 95,000. If 95,000 breaks down, it will drop to 93,000. If 93,000 breaks down, it will likely signal the start of a formal correction.

#比特币突破10万？ $BTC