$BTC The new week has just begun and continues to weaken, which is good news for the long position, and it is also time to establish the trend for the long position. Last time, the large-scale level held, and the trend briefly recovered the loss. However, this round of testing the large-scale support is likely to break. Once it breaks, it means establishing the trend for the long position, then the downward space will be completely opened, potentially going down to below 10.

In terms of trend structure, the 3-day Bollinger Bands have gone back and forth, and the 3-day Bollinger Bands moving average has not broken yet. This is the trend on a large scale, and the key lies in the support of the 3-day Bollinger Bands middle line. If it breaks, then immediately the 5-day and weekly levels will break as well. So can it break… On the small scale, the Bollinger Bands have already expanded, indicating that the long position has continuity, and its MACD and KDJ are both showing death cross down, also pointing to weakness, with a very high possibility of breaking down. If it breaks, it will definitely continue the trend, so this wave of small unilateral weakness is set in stone until a solid fundamental is established.

The long position near 115600 to 115900, first look at 113900. If it breaks support, look at around 112600. #BTC