2️⃣1️⃣ has been on a winning streak. The morning pullback returned to the震荡 (fluctuation) line where the previous night's initial rebound occurred, and the rebound continued after that. However, after the four-hour session closed for lunch, we faced pressure from the upper Bollinger Band. Here, we took a decisive position directly, capturing 580 points, giving back a bit of space, but looking at it now, the decisiveness of the position was very timely, so when facing pressure, one could either hold the position or reduce holdings. If it breaks through, then we continue to wait. Currently, we have returned to the lower end of the fluctuation range; has the trend changed...

At present, the focus is not on the trend structure, but on market dynamics. The awakening of the ancient giant whale has given the market a heavy blow to confidence, akin to a ticking time bomb; nobody knows when it will sell off or if it will at all. Due to its massive size, any sell-off is equivalent to a huge impact. Previously, the capital flow remained around a 1:1 ratio, but now it’s around 1:2. Outflows far exceed inflows, indicating a lack of market confidence. Overall, the trend in the larger timeframe still indicates a long position; according to the trend structure, it is still primarily a long position, but one must always pay attention to market movements.

In the evening, there is a focus on the range of 108700 to 108300, looking at 111400 nearby. $BTC #BTC