Let's first look at the daily chart of #BTC . Starting from the K-line on the 25th, it is obvious that

The price is in a converging pattern, with neither a new low nor a new high.

In the last video, I said that the short-term market will be volatile.

The current market is about to show a small direction.

Let's look at the 1-hour chart. On Tuesday night, the low point was around 33,200.

The price did not hit a new low. It only hit 33750 last night and then stabilized.

Let's draw it and it will be clear.

This negative line in the 1-hour chart clearly shows that there are many short positions.

The first time the price fell back to around here, the shorts got out of their positions and ran away, so it caused a rapid rebound.

After that, the price tested this place several times and bounced up quickly.

Then, there was a rebound trend that reached as high as 25150.

Then, as the price continues to rise, the short sellers who short at these positions are in a trapped state.

We can see that the Yin lines at these positions clearly indicate a large number of shorts.

If the price falls back to this line again, these shorts will need to get out of the trap, so the price will rebound again.

In fact, after saying so much, it is easiest to treat this as a range of fluctuations.

At this point, I think the market will have another rebound and form a false breakout of this high point.

Then comes the decline, the goal is to fill the imbalance area here

Why do you say that?

Let's look at some data. This is the quarterly contract of Bitcoin spot of EuroEasy.

From this chart we can clearly see

After the price reached 35150 in the past two days, the position has been in a trend of reducing positions.

In other words, since this rebound, Bitcoin spot has been in a state of shipment.

Combined with the current price trend, I think the shipment is not over yet

Then there needs to be another rebound so that these bitcoins can run away in a better position

But from a big perspective, since we have suddenly reached the important psychological barrier of 3W,

Then the price should not return to below 3W so quickly in the short term.

At present, many people use the previous high point of 31800 as a criterion for judgment.

If it falls back and doesn't break, it will be a good position to open long

If the price reaches this point, there will probably be some fluctuations.

After all, the consensus of the leeks is also a consensus, which will also have an impact on the price trend

If we draw a larger range, I think the market in the next two months will be

It is likely to run in this range, that is, jumping back and forth between 3W1 and 3W5

As for whether or not to go further up to see the scenery near 4W, I think that should be the content of the game next year.