Investing is like playing chess; you look three steps ahead. I believe everyone has been quite satisfied with the recent downward trend, right? Because Jiang Wei has been bearish from above 120,000 all the way down to around 112,000. If you don't believe it, you can verify; there are traces all over the internet.

Without further ado, let's analyze how the current trend will develop. First, we can look at the larger time frames, for example, on the weekly K-line, the price has been continuously testing the upper line without successfully breaking through to reach a new high. Thus, it is quite normal for there to be a retracement after such a long time without a breakout. Next, let's discuss the smaller time frames.

On the short-term four-hour K-line, after breaking the new high and then pulling back, it has been oscillating within the first range of 120,000-116,000. As time goes on, the price starts to change space, breaking support and entering the second range of oscillation, which is 112,000-116,000. Please refer to the technical images below. Currently, 112,000 will be the dividing line for bulls and bears moving forward, so pay close attention.

In summary, everyone can maintain a strategy of high selling and low buying to face the current trend. Intraday, you may consider gradually viewing bearish positions in the 115,000-115,400 range, with a temporary target around 112,300. The points are for reference only; actual trading will prevail.

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