$BTC

BTC has integrated the previous trend from 1 to 4, and has already expanded the weekly center, because 5 has not broken through 3, thus, the standard divergence in the daily trend is gone. Therefore, it is now the expansion of the weekly center decomposition or the decomposition of the standard weekly center construction:

1. The price expands the weekly center from 1 to 4, and after 4 continues to consolidate around the center 102000-107100;

2. Starting from 3, the standard weekly center is constructed, where 3-4 is the first segment in the daily downtrend, and starting from 4 is the second segment in the daily uptrend, with 4-5 and 5-6 being two segments of 4-hour movements, and after 6, there is another segment of 4-hour uptrend.

So now, no matter how it is decomposed, it will continue to consolidate, and there are currently no signals of breaking away from the center.

In the short term, it is about when 5-6 will end. There are two ways for it to end:

After 6, if a 4H center evolves, the main focus here is whether the price first breaks up through the blue box, then either retraces or consolidates slightly above. If the price consolidates and turns, one can go long. Another possibility is that the price falls back to 8, which may be below or above 6, and one can also go long at this position.

Additionally, if one wants to grasp the drop from 7 to 8, pay attention to the 30M chart. When the 30M moving average turns bearish and the price consolidates below the moving average, and when the double bottom position of 4-30 appears, it indicates an increasing probability for the price to retrace back to 8. #MichaelSaylor暗示增持BTC