This form has a top above and a bottom below.
However, in the case that it does not break down, those who have some technical knowledge will know, will the market makers create a downward continuation and then dump again?
It's tricky!
Crypto钟良
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The drop pattern that was just shared is the M shape I mentioned to my old friends at midnight. At that time, I was looking at the 4-hour level. The right peak has already been pressed down and is lower than the left peak, so the right bottom will likely also be lower than the left bottom, indicating a drop to a new low. Sure enough, Bitcoin broke below the previous low of 78200 and fell to 76500.
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