Observe whether it is the ultimate consolidation
Ultimate consolidation manifestation:
1) Price quickly breaks below all support, forcing retail investors to sell off (panic liquidation)
2) Creates the illusion of a continuous decline, making retail investors afraid to buy.
3) The rebound magnitude is small.
4) Second test, supply is quickly absorbed. After the ultimate consolidation, there will be a consolidation test again; if the same position is reached again and supply is quickly absorbed, then the ultimate consolidation point and the second test point are the lowest risk buying points.
According to the current BTC 4-hour candlestick chart, it should now be in the ultimate consolidation stage. After a slight rebound ends, the second consolidation test can absorb all supply, which would be a good time to buy the dip.
Entry Conditions: Staggered Position Building Plan First Entry: 1.5% above the low point of the second test (to prevent false breakouts) Additional Position: Break above the descending trendline (connecting the last 3 swing highs) Ultimate Position: TD sequence shows '13' count and MACD histogram turns positive $BTC #BTC走势分析
