1. Review of the previous situation

The medium-term trend remains positive, and we need to wait patiently at this moment. As far as Bitcoin is concerned, every time it has a price correction, it is actually accumulating strength to prepare for the subsequent trend.

2. Outlook on the market outlook

Daily level

At the daily level, the two days of the weekend closed with a small negative line, and the trading volume was relatively small. Overall, there was no significant correction, which basically stabilized the current price trend. Similarly, the possibility of a significant correction in the short term is also relatively low. This is because the main funds have the intention to control the market at a high level, with the aim of guiding funds to gradually transfer to the altcoin sector.

4h level

From the 4-hour level, the number of negative lines is gradually decreasing, and its shape is also slowly getting smaller. At the same time, the selling pressure reflected by the trading volume is also getting smaller. The current trend presents a symmetrical triangle shape, which is a slowly converging rising relay shape. Based on such a morphological analysis, the possibility of Bitcoin continuing to break upward in the future is still relatively large.

1h level

At the 1-hour level, it is expected that it will be able to achieve a price breakthrough.

Special reminder: The above content is only a personal opinion, not any investment advice. Moreover, the review is mainly for the ultra-short-term situation within the day. Since the short-term market changes rapidly, everyone must be cautious and do not operate blindly.

3. Learning experience

We should first focus on doing one thing well, constantly accumulate, and be proficient and professional in a certain track, so that we can better grasp the opportunity and achieve corresponding results. #BTC00929

As a senior cryptocurrency investor, I share my experience and insights for free. Are you interested in the cryptocurrency circle but don’t know where to start? Follow me and see my homepage, and I will take you to achieve freedom in this bull market. #市场回调，观望还是上车？