#2 On February 24, before the BTB broke down, the technical aspect of BTB had been strongly consolidating in the range of 89256---109588 for nearly 100 days. Accordingly, after the BTB broke down on February 24, BTC should also have a weak consolidation below the breakdown point of 93,000 for about 3 months/100 days. In fact, since BTB dropped below 93,000 on February 24, it has spent less than 24 hours above 93,000. The highest point in the last month was 88765 on March 24 (short to medium-term pressure), and it has been just a month and a half since the breakdown on February 24. Given the insufficient consolidation time, the future market for BTB to break through 88765 and return above 90,000 is likely to occur sometime between late May and early June.

The technical trend of BTB is very regular and symmetrical. Before the breakdown on February 24, the maximum fluctuation space of the strong consolidation was 20,000 dollars, with a fluctuation range of 89256---109588. Since the breakdown on February 24, the maximum fluctuation space for BTC has also been nearly 20,000 dollars, with a trading range of 95000---the lowest point of 74508 yesterday. The lowest point yesterday can basically be confirmed as the mid-term bottom for BTB since the drop on January 20.

81200 divides the range of 88765---84500 into two upper and lower ranges. Early Monday morning, before BTC dropped below 81200, the market consolidated and traded in the range of 81200---88765, with the lower range being 81200---74500; the fluctuation above 81200 is about 7500 dollars, while the fluctuation below 81200 is 6700 dollars. The fluctuation difference between the two ranges is not significant, which indirectly indicates that after BTB broke the short-term key support level of 81200, it dropped to yesterday's lowest point of 74500, and the downward space has basically been utilized. 81200 was originally a key support, and its loss has also become short-term pressure, so the rebound of BTC last night was also hindered by 81200. The trading range in the past few days has been 81200---74500. The market needs to return above 81000 to have a chance to impact around 89,000.

This year, there has been a relatively high cost-effectiveness opportunity to enter long positions, with BTC oscillating in the range of 81200--74500 to build a bottom. Timing the entry may benefit from the continuous interest rate cuts by the Federal Reserve, pushing BTC above 100,000 or to new highs. #比特币 #以太坊