After breaking through the historical high, Bitcoin has been fluctuating at this position for more than 3 months. Now many people are worried that Bitcoin will fall because although Bitcoin has broken through the new high, it has not continued to rise. Many people think that this is a signal of a short-term peak. The oscillation range is a very important stage in the market. In fact, the market is in a state of oscillation most of the time. After the oscillation ends, the market will choose a direction, either rising or falling, and then enter the next round of oscillation. (Communication Home Page)
Therefore, in order to obtain huge profits, it is necessary to judge the trend in the oscillation in advance. Only by judging the breakthrough direction of the market in advance can we formulate corresponding strategies and obtain greater profits. From the trend of the oscillation range, after the first large-volume decline, a callback signal appeared. However, the subsequent shrinking rise did not break through the new high, and then a second decline occurred. Although the callback amplitude of the second decline was larger than the first one, the overall trading volume did not increase, but decreased, indicating that the support below was relatively strong. After the latest rise to the previous high, the callback began again.
But it can be clearly seen that the decline volume of the third callback was smaller, and the decline was significantly smaller than the previous two rounds. Although the K-line at the close of today is a negative line, the trading volume is decreasing, and the K-line entity is smaller than the previous one. The current callback is still above 50% of the oscillation range, which shows that the short-selling force is relatively weak. Therefore, although many people are worried that the big cake will fall sharply, according to the signals transmitted by the disk, there is no sign of a sharp fall, so there is no need to worry too much. Worrying completely out of thin air will only increase anxiety. Of course, when I say that the power of the big cake to fall is weak, I don’t mean that it will rise immediately. It may also continue to oscillate. As to whether it will rise and when it will rise, more signs are needed. At present, there are only signs of weakening short-selling power, and no signs of strong bulls have been seen.
