The BTC price has experienced two waves of increase around $25000, with the high and low points gradually rising.The amount of the second wave of increase is relatively uniform and there is no sign of shrinkage
- The BTC price has experienced two waves of increase around $25000, with the high and low points gradually rising.
- The amount of the second wave of increase is relatively uniform and there is no sign of shrinkage.
- Both waves of gains are attempting to break through the pressure levels above, but they have not been successful so far.
- Recently, a 3-day line with long up and down shadows indicates strong pressure around $28637.
Based on these observations, it is believed that BTC is currently in an awkward position, with a heavy pressure range above and support below, resulting in a more anxious bullish sentiment. It was also mentioned that the K-line entity is getting larger, but the quantum energy has not gradually increased, which may indicate a weakening of bull momentum.
It is recommended to pay attention to the market trend of the daily line, especially to whether there are signs of volume increase or strong reversal on the daily line. It is pointed out that once there is a reversal signal, whether it is an increase or a decrease, it may bring good opportunities. Especially for those who pay attention to counterfeit coins, it is important to closely monitor the trend of BTC, as the movement of BTC may have an impact on the entire market.
Finally, it was mentioned that currently breaking through $30000 may still be difficult, but as long as BTC does not decline, counterfeit coins still have operational opportunities, especially in the recent high popularity of counterfeit coins.
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