It's time to look at the BTC position analysis of Bitcoin!!!

It is recommended to take screenshots and collect them to give yourself an idea of ​​the next market.

From a cyclical perspective, the weekly double-top bearish structure still exists. The weekly level belongs to a bearish trend. The daily cycle can break through $65,000, which means that the reversal of the same cycle occurs, and the weekly double-top bearish structure will be invalid. If this happens, we will have the opportunity to challenge the historical high.

Look at the BTC position chart from a short-term point:

The resistance range of $61,000 to $61,500 above currently suppresses the rise, and the 15-minute cycle will test it many times

The support range is $59,300 to $58,400. If this range is broken, Bitcoin will continue to fall below 55,000

(You can place orders cautiously in this range)

We have experienced a complex consolidation phase of about 6 months, and we can clearly see that the prototype of the bull flag has taken shape. I believe it won't be long before we can see good performance again.