$BTC
📈 Bitcoin Trend Perspective 📈
Last week's Bitcoin market was undoubtedly torturous. After the weekly candle formed a large lower shadow hammer pattern, it continued a week of washing out positions, resulting in a strong bearish candle on the weekly chart. The price remains the same, but for most people, their positions are gone, which is a reflection of last week.
✅ Earlier in December, at the 108k high, Tiansheng mentioned a pullback, referring to the historical pattern of a 30% retracement during bull markets, suggesting a low point around 76000. After the price failed to break through the key level at the end of January, it has now dropped to the target area. Thus, Tiansheng's strategy since February 28 has been to enter Bitcoin positions in parts. Currently, the second position is still waiting for the right opportunity.
🎯 Bitcoin Market Analysis 🎯
Currently, Bitcoin's four-hour level is in a triangular consolidation and washout structure, which is chaotic yet orderly. The intensity can be clearly seen from the market, mainly driven by the market's FOMO sentiment. Additionally, the large amount of high leverage coming in due to this sentiment is a key factor preventing the price from calmly consolidating at the bottom.
Therefore, short-term fluctuations will continue, and at the end of this oscillation, there is still a high probability of a significant cleanup of leverage before starting to move upward. It is necessary to avoid leverage risks in advance. The target for low positions remains around 76000.
The major trend points remain unchanged, and Bitcoin is still continuing its upward structural trend.
#趋势分析 #行情推演
📈 Bitcoin Trend Perspective 📈
Last week's Bitcoin market was undoubtedly torturous. After the weekly candle formed a large lower shadow hammer pattern, it continued a week of washing out positions, resulting in a strong bearish candle on the weekly chart. The price remains the same, but for most people, their positions are gone, which is a reflection of last week.
✅ Earlier in December, at the 108k high, Tiansheng mentioned a pullback, referring to the historical pattern of a 30% retracement during bull markets, suggesting a low point around 76000. After the price failed to break through the key level at the end of January, it has now dropped to the target area. Thus, Tiansheng's strategy since February 28 has been to enter Bitcoin positions in parts. Currently, the second position is still waiting for the right opportunity.
🎯 Bitcoin Market Analysis 🎯
Currently, Bitcoin's four-hour level is in a triangular consolidation and washout structure, which is chaotic yet orderly. The intensity can be clearly seen from the market, mainly driven by the market's FOMO sentiment. Additionally, the large amount of high leverage coming in due to this sentiment is a key factor preventing the price from calmly consolidating at the bottom.
Therefore, short-term fluctuations will continue, and at the end of this oscillation, there is still a high probability of a significant cleanup of leverage before starting to move upward. It is necessary to avoid leverage risks in advance. The target for low positions remains around 76000.
The major trend points remain unchanged, and Bitcoin is still continuing its upward structural trend.
#趋势分析 #行情推演