Chaos Theory Analysis 1115: Will BTC show signs of peaking in the short term?

Since BTC surged to $90,000 on November 12 and hit a record high of 93,266 points in the early morning of the 14th, it ended the unilateral upward squeeze. It tried to hit a new high again at more than 10 o'clock last night and failed to pull back again. The current price is 87,300.

After the bulls started to violently increase the volume from the low starting point of 66,835 on November 5, they forced a strong squeeze all the way until the first 15-minute no-high second sell appeared last night. The second sell showed that the bulls had shown a certain fatigue. Does it mean that the big cake has peaked in the short term?

The high-level fluctuations between 85,000-92,000 for several consecutive days mean that the bulls and bears have differences in the price in this range. The bulls and bears fight fiercely in this range. In the end, one side will win and leave this range. As for whether to leave upward or downward, it needs to be classified and deduced based on the structure.

From the perspective of the 4-hour level, the market is still moving upward after the three buys, and it is a large-volume non-divergence rise, which means that there is no selling point at the large level, and the selling points that appear are all at the 30-minute level or below.

The clearest structure of the current short-term and medium-term is the 15-minute level, and this level has already taken the upward trend of two yellow centers. The figure shows two trend classifications, both of which indicate that there is a certain expectation of a short-term correction. As for whether to choose the red trend divergence and then turn after breaking the new high or the yellow two times without setting a new high and selling the second turn, you can only choose to follow the strength of the upward rebound in the past two days. Once the selling point appears again, the short-term position should be mainly reduced, leaving some positions to cope with the short-term downward trend.

Summary: From the perspective of the large level, the current trend is still relatively healthy, there is no selling point, and it is likely to continue to extend upward. However, due to the excessive increase in the short-term, the long and short have diverged, and the 15-minute level selling point has appeared, which is likely to trigger a wave of correction. The so-called bull market has many plunges. If you want to open up the upward space, there will definitely be many downward pins to clean the leverage.