【$BTC Pullback Progress 80%!! A 10,000-point strike is about to come!!!】
The technical indicators currently show a head and shoulders bottom right shoulder.
The current price is at a critical point of trend resistance,
If it breaks through, there is a probability of reaching 91-95,
Signal Analysis:
Trend Resistance Level 85000
Bullish head and shoulders bottom, if established, will result in a large-scale rebound, probability 50%
Bearish, trend suppression, if successful in suppression, will lead to a significant drop, probability 50%
Current Trend: Bear > Bull!
Current Strategy: Suggested to wait and see, follow the trend once it is established.
Operation Suggestions:
In terms of patterns, forming a double bottom + head and shoulders bottom,
is a positive bullish signal!
However, if there is no breakthrough verification here,
it is very likely to form a false breakout.
Those who chased high may get stuck!
Currently, there is nearly a 10,000-point space above and below,
suggested to operate cautiously.
Bullish Strategy:
Wait for a breakthrough to build positions
ENT: 85000 after a breakthrough, stabilize to enter
TP1: 88400
TP2: 91500
SL: 83000
Bearish Strategy:
Short at resistance level, expecting a fluctuating decline.
ENT: 85000 if it fails to break through multiple times
TP1: 83200
TP2: 82150
Pattern view 79000-74500
Risk Warning:
This downtrend is repeatedly fluctuating,
with a trend of gradual decline and being stuck,
Do not increase positions in floating losses!
$BTC
Expected to change trend in early May, starting a new trend.
It is recommended to place orders around 74000 - 70000 to receive spot
The demand area below around 71000 still needs verification,
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