Will BTC have another chance to get on board below 60,000?
It is estimated that it will be difficult.
A long-lost big positive line on the daily line instantly pulled the fear and greed index back to the neutral range, and the market atmosphere changed accordingly. Some people shouted that the bull market is coming and it is about to take off😂
BTC has adjusted for 144 days, nearly 5 months, during which there were three opportunities to get on board below 60,000.
A downward-sloping trumpet shape appeared on the chart trend, similar to the rising flag shape, which is actually a short trap. This pattern mostly appears in the consolidation stage of the upward trend, indicating that the future trend will still rise.
If the market breaks through the pressure line effectively upward, the current position is around 70,500, which can be regarded as the final confirmation of the end of the adjustment.
Wait and see!
