An An Square's major trend has been published several times, all correct. This time I am posting again, hoping for accuracy...
Last issue predicted a rise to 70k➕ correct, there are no issues with making holes at 67-69, but looking at 62 and 61 poses problems. The level needs improvement...
On October 29th, BTC text analysis; current quote is 71400, indicators can no longer be used for judgment, so let's look at the price structure!
Chart 1⃣️ Head and Shoulders bottom pattern. From the low of 49000 to the present, the 70k high and low points are continuously rising in a bullish trend. Currently, we are in the fifth wave of the driving wave, the dragon is lifting its head, so the key positions are: 71800-72500. This position is the neckline resistance; if it touches, it will be near 73600 new high. If it doesn't break through, look for the right shoulder to retrace to 57000, so chasing here has no significance, unless you are holding from the bottom to now; you can gamble a bit at this position.
Chart 2⃣️ Shark pattern; it can be clearly seen that in this round of overall oscillation, the most common are the head and shoulders pattern and harmonic theory pattern, all of which assist us in trend judgment and market prediction.
So the thought process at positions 718-736 can allow for two entries with defense at 745. Targets can be short or long. Short 70k-68k, 60k-57k. If you don’t like it, don’t spray...