In the afternoon, it closed 1400 points, short positions 950 points, and in the evening closed another 1500 points. It's been explained clearly before, and the charts have been drawn many times. Whether it's targets or defenses, they are generally quite similar. If you observe long enough, you will find that each defense level is difficult to breach, and the defenses are set quite close, yet they still cannot be broken. Even when they are broken, there are varying degrees of continuation, which makes such defenses meaningful, rather than random movements. Recently, high positions have been captured, so what's the outlook going forward?

The daily line continues to decline, with a weak trend. Although it has broken the daily parallel low support, the weekly parallel low has just held up. The strength of the trend is not too strong; there hasn't been a single strong break or continuous breach of support. When encountering slightly stronger support, there are rebounds, which indicates that the pressure is quite strong, making it harder to chase the trend. From the perspective of wave patterns, it has returned to the center of the previous wave's fluctuation range. At this point, the correction is almost complete, so the expectation of continued fluctuations has increased. The daily Bollinger Bands will start to contract, and after the contraction, it will enter a new round of small one-sided moves. Next, we need to look at the range.

The lower limit of the range is 103000, and the upper limit is around 107000. The low is near the fluctuation, and the high is around $BTC #加密市场回调 #BTC☀ .