Bitcoin has been hovering and fluctuating below 100,000 USD for about ten days.
At this moment, it is gradually forming a high-level triangular oscillation pattern, from which two highly probable oscillation trends can be predicted.
If the first trend appears, then this oscillation period is nearing its end, and the market is about to break through the current pattern and choose a new direction.
If the second trend occurs, the oscillation structure will continue to change, with 91,500 USD as a solid support point, followed by an upward trend.
Indeed, aside from these, there are also many other possibilities such as the third and fourth trends, but this requires gradual inference of future oscillation scenarios based on the passage of time.
The baseline support level is at 86,000 USD. If the price breaks through this support level, the situation will become quite serious, and at least the current good upward trend will be difficult to maintain.
As Bitcoin is caught in high-level fluctuations, it constructs an oscillation structure to exchange time for space, while Ethereum steps up to stabilize the situation, and many strong altcoins also surge significantly.
This state is undoubtedly a typical scene of a bull market. What we need to do now is capture those market trends we can understand thoroughly, firmly grasp opportunities, and patiently await the market's final verification.
