$BTC Appears during the growth process, the price of the currency fluctuates constantly at a high level.
2. By connecting the high points formed by the fluctuations of the currency price, we obtain an ascending curve.
The shape that corresponds to these characteristics is called a rounded top.
A rounded top indicates that after a certain period of growth in the price of the currency, although the upward trend still continues, the dominant force of growth gradually weakens. The rate of price growth becomes slower and eventually transforms into stagnation. Later, selling pressure gradually intensifies, the price of the currency begins to decrease slowly, and the rate of decline gradually increases. When people notice that a downward trend is forming in the price, a clear rounded shape appears at the top. Therefore, a rounded top is also a signal that a peak has been reached.
BTCUSDT
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108,719.3
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