The previous few articles mentioned that there would be a major correction, and then continue to rise.
As a result, yesterday's FOMC meeting only saw a slight correction. Trump directly tweeted to cancel the chip restrictions worldwide, and Bitcoin surged directly to 99,000... I really didn't expect this.
But it is currently obvious that it is forming an ending wedge, which is a bearish pattern.
I still believe that the upper round number of 100,000 is a very strong resistance level and it should be difficult to break through and stabilize all at once.
However, Ethereum is particularly strong today. Does this mean Bitcoin will take a break next, while altcoins soar?
But no matter what, I believe Bitcoin still needs to undergo a retracement.
There is demand for a gap fill near the round number of 90,000 below. Those who dare to short on the left side can directly short near 99,500. If you are hesitant, you can wait for a break below the lower edge of the ending wedge to short on the right side.
Above!