Graphics and text simplified version Simple analysis #BTC
🙏First of all, please vote for me for free. The last two days!
1D——Still in the falling channel, the current price is near the middle axis of the channel, and there is still room to go down.
4H——After the first acceleration, it fluctuated, broke through the upward fluctuation and fell back to the range, which is extremely similar to the trend at the end of June. With reference to this kind of trend, it is likely to continue to weaken and fall.
1H——Yesterday's intraday decline, and the volume accelerated in the early morning of today, from the original short-seller strong to the absolute short-seller strong (kinetic energy release). Usually, after the volume acceleration, the market will enter a short-term repair and then continue the market trend direction. In the short term, it is believed that the adjustment position will be mainly oscillation repair.
Summary——Both the large and small cycles are weak, and the original short-term strength was immediately dropped back. Subjectively, it is judged that the market will continue to fall to form a large-cycle short-seller continuation, and there is a chance to fall below the previous low. However, the short-term bearish momentum has been released. If it falls directly, it will not be healthy for the trend. Therefore, it is best to fall after adjustment. In the short term, it will fluctuate, and the long cycle will continue to be bearish. $BTC
