I have been out for the past few days and have not updated my thoughts. I just got home and took a quick look.
I will not talk too much about the big cycle perspective. It is still difficult to identify the trend in the range oscillation.
However, in the short-term 1H cycle, it can be seen that it is in an obvious upward trend (highs/lows are constantly rising)
But it should be noted that before going out of the recent highs, the market first inserted a needle downward. And the rebound tonight did not reach a new high.
This is the state that the short-term market is not so strong at the beginning.
However, it has not reached a new low at the moment, and it is difficult to judge the end of the short-term bullish trend. If the market weakens in the future and falls below the horizontal low and the previous high position of 66100, there is a probability of a round of correction. It may become an opportunity for a short-term right short position. $BTC
