Bitcoin Trend Is About to Reversal

13 Jan 2024

At this point I still think the trend is about to reverse
1. The daily line has diverged
2. Starting from an ascending triangle from December to January last year
In the upper supply range, people are constantly shipping.
Coupled with the subsequent false breakthrough and the upward shock in the following days,
I don’t think retail investors can sell so much goods here.
3. It touches the weekly line of 0.618 and is also the last escape point of the last bull market.
There's no one in the trap here who would be so kind as to free them.


#The cryptocurrency market has high risks, please carefully evaluate operational risks
This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.

24 Jan 2024

Nota

So far, there has been no expected rebound.
Instead, it fell directly below the ascending triangle range.
Therefore, I think the strength of this trend reversal is quite credible.

So there should be a new round of decline next
At the same time, the main force shipping here (48000) should also start the next round of ambushing funds.
The more likely position should be below 28,000
(The range of sharp fluctuations in this round of rise)