The rookie is continuing to ambush the divine pill with fans today!

Bitcoin operation suggestions for the next week!

24008869190 Weekly market overview

1. The trend of moving averages: BTC has been consolidating for about 7 weeks since the rally in April, showing a clear stagnation. Combined with the upward moving average and the MA30 leveling off, we can conclude that if the price does not rally this week, a double top scenario is highly likely! If the market adjusts this week, our first target for Bitcoin is 10200U.

2. Bollinger Bands trend: It is quite simple now. Since last week closed with a bullish candle, the Bollinger Bands have slightly opened at the upper and lower bands. Therefore, we need to consider the possibility of consecutive bullish candles this week. If consecutive bullish candles appear, the bullish market continues; however, if the consecutive bullish trend is interrupted, the market will enter a trap for excess buying! This will lead to a return to the fluctuation range after a bottoming out.

3. Observing volume from the VR perspective, the previous high point clearly indicated a head and shoulders formation. With the rise in April, there was an unusual surge in volume during the consolidation at the second high point, so the previously mentioned consecutive bullish candles need to be followed. If no prominent excessive buying trap forms, then the double top scenario will be established!

Currently, the rookie does not recommend entering the market to short; it is advisable to wait patiently for 1-2 weeks to see if this week's market trends bearish or bullish! If the market trends bearish, the potential lower range will oscillate between 90000-95000!