December 30 Market View: Pay attention to acceleration after breaking the range, is it up or down?

From the current candlestick structure, a W bottom has formed, which is actually a horizontal oscillation range (as mentioned in the December 27 article). There are opportunities to go long at the bottom of the range; those who can seize it will profit, and whether you can grasp it depends on your own insight (I mentioned in the December 24 article that there was a bullish divergence, which is the reason for reaching this bottom of the range).

Currently, Bitcoin is still oscillating within this range, and the next step is to pay attention to the breakout of this range and the acceleration; how the market chooses will dictate our response, so be prepared to react at any time.

If BTC breaks below the bottom of this oscillation range, with a candlestick quickly falling below around 92,000, it will directly accelerate downwards towards around 90,000. Once this action occurs, it will accelerate down for a while; this is something to pay extra attention to this week.

If there are signs of a bottom, we will discuss it separately. This week is quite critical; today, Monday, is the first day of the weekly chart, and Wednesday is the first day of the monthly chart. These three days are prone to reversals, requiring extra caution.