This week is a crucial week for Bitcoin in the past three months of adjustment. With a strong rebound and by the end of the week, we can basically unravel the mysteries of the subsequent market trends
This week is a crucial week for Bitcoin in the past three months of adjustment. With a strong rebound and by the end of the week, we can basically unravel the mysteries of the subsequent market trends.
The previous article provided three possible market trends, and now it seems that Big Cake has taken the path with the lowest probability and the highest difficulty. How will the market develop next and what are the points to pay attention to? Let's analyze them one by one.
1. The resistance level of the Big Cake Daily Line is 30800, and the four hour resistance level is 29200. At present, it has strongly broken through 29200 and is currently in the stage of breaking through the 30800 level. As the four-hour market has not yet ended, it is estimated that after two days of adjustment over the weekend, the big cake will hit the 30800 level early next week, ending the four-hour rise in this period.
2. From the four hour trend, the current four hour rise is no longer bearish. If the next four hour pullback does not enter the central range, which is no less than 27500, it will form a four hour three buy, and the next four hours will open up new upward space to hit 35000; Of course, another possibility is to fall back into the center after four hours, so doing a daily double selling and continuing the weekly decline is a high probability event.
Daily trend
The daily rise is still ongoing, and the four-hour rise does not go against the trend
Four hour trend
The four hour rise has not ended, and it is expected to form a second thirty minute peak to hit 30800
But even if the daily rise in this period hits 35000 or even higher, it is necessary to maintain a clear understanding that at the weekly level, it has already deviated and still faces weekly adjustments, but the low point of the adjustment will rise.
The above is my personal opinion and is for entertainment only.
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