Hello everyone, I'm Panda Brother, I haven't posted in the square for two days.
Today's content is quite important, it relates to personal interests, be cautious in your operations.
The latest situation shows that Bitcoin has reached a turning point, getting closer to the latest slope triangle.
This kind of trend is about to split in direction, the end of the triangle is either up or down, a direction must come out.
For this kind of market trend, I just want to say one thing, stop it, Ah Zu, outside there are all Trump supporters. Yesterday, Trump said he is a fan of cryptocurrency.
This is a bit of loss of face, it's really a bit hard to handle. Today it's like this, tomorrow it's like that, the president really let him understand.
If time could rewind, let me take that shot from back then. The Bitcoin conference is coming soon, and historically, prices drop during conferences. The direction is unclear these days.
Don't blindly guess, just wait with an empty position.
The key point is coming.
These two slope lines in blue and green are the daily level upward channels. You can look to the left of the chart for previous history. Currently, it is just stuck below the previous high of the historical daily K. These two horizontal consolidations have produced a new daily central point, which is very important. The lower edge of this central point is 102600. If the upcoming market reaches below this position and is pressed down by this lower edge, it will start to decline, with a short-term target of seeing 98500, no problem.
These two blue lines represent the slope triangle, the position of the upper blue line is near 106115. If it breaks this position subsequently and pulls back without breaking, it will directly reach a new high, and there will be no top once it reaches a new high. So before the direction is determined, it's not advisable to take any actions; that would just be pure guessing. If you can't control yourself and must open a position, if you are bullish and break the triangle area or the slope line, with upward pressure, you must stop loss. Conversely, if you are bearish and it breaks 106115, pulls back and continues upwards, you must also stop loss.
Thank you friends for your support. If you have any doubts, please leave a message in the comments, and I will engage in a verbal battle with you, using my eloquence to compete with you.
