In fact, whether it's more or less, no matter how you look at it, what we ultimately still see is whether the U has increased. Today, Bitcoin continues to maintain a sideways fluctuation rhythm, which is quite normal. After confirming support from the previous pullback, it is expected to strengthen, which is consistent with our predictions. The main reason is that the recent upward space has been too large; as long as the correction force and method are not significant, it remains strong. The best way to determine whether the force is large is still through space. Currently, the market has stabilized again after a short-term pullback, with the previous high point at 113429, and the morning retracement to around 111350, giving a drop space of more than 2000 points. There hasn't been much mid to long-term layout during the day, mostly focusing on short-term layout, which I'm sure everyone who watched the live broadcast yesterday is aware of.
Although the daily structure has broken down, it quickly closed back up, and the pullback lacks a certain degree of continuation, also accompanied by some rebound space. This does not mark the beginning of a trend change. With the closing of the medium bearish candle, the upper pressure near the upper track of the exploration range at 113300 has fallen back, and it has not broken the high; the range remains intact, and the end of the session returned to the low. The high and low points are concentrated during the US market hours, showing a tug-of-war fluctuation. The wide-base volatility still offers considerable space, but it continues to operate within the range. The daily high and low closing only signifies the consolidation phase of the bulls. The four-hour chart remains fiercely contested between bulls and bears; the 4-hour chart temporarily holds above the lower track, while the support of the upward trend line is near 111000. Taking the trend line as a dividing line, as long as the pullback does not break the support of the trend line, the bullish outlook remains. Conversely, if it breaks down, it will form an adjustment, which indicates a spatial pullback. After the pullback, the bullish outlook is again for further upward movement.
In the afternoon, the major coin is directly bullish around 111000-110500, looking up at 113500. Ethereum is directly bullish around 4440-4420, looking up at 4550.$BTC