The market does not believe in tears, nor is it a charity organization! To conquer the market, one needs to be more aggressive and rational than the market itself!
Those who try to beg for the market's return with tears, and warm their broken hearts with a fragile spirit, often end up in tragedy!
Without further ado, let's get to the point!!!
Everyone! From the thirty-minute chart of Bitcoin, it has dropped from 970,000 to the current low of 930,000. From a purely technical analysis standpoint, this segment has produced three thirty-minute pivots, and the current market is oscillating around the last pivot!
From the thirty-minute structure, Bitcoin's downward trend from 970,000 shows signs of a bearish divergence ending!
How to end it? How to judge?
How to end: 1. The first method, which is relatively simple, is for the market to break through the current low of 93,445.1 and create a new low, thereby forming a bearish divergence in the downtrend from 970,000, and then initiate an upward thirty-minute rally!
2. The second method is more complex than the first. The market may not break the current low of 93,445.1 but can oscillate within the range of 94,773.1 - 93,445.1, using a time-for-space approach to disrupt the structure of the thirty-minute downtrend from 970,000, and then immediately break through the range of 94,773.1 - 93,445.1 to start a corresponding thirty-minute upward trend!
3. The third method is somewhat similar to the first; it can break below 93,445.1 without forming a divergence, continuing the extension of the thirty-minute downtrend from 970,000!
In general: If Bitcoin chooses either of the first two methods, it will at least have a wave of thirty-minute upward trend, which is relatively good; if it chooses the third scenario, then the current price of 940,000 is merely a small drop before a larger decline, and there will be a more significant drop to contend with!
Remember! The market does not require luck, nor does it need feelings, only requires technique, real technique!
I am Chan Zhong Tan Chan, supported by a top team, serving only those who have vision and ambition!
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