This commentary on the war regarding $BTC continues.
At a glance, it is a converging triangle pattern.
The market is always in a cycle of convergence and explosion.
The continuous decrease in volatility can be understood as a precursor to a storm.
My view remains unchanged; I still see the MM level at 88k, as there is a large upward trend behind it, and it can't drop below that, it's that simple.
How to get there? That is key. The best scenario, I believe, is:
Many people's long positions will trigger stop losses, and some who place STOP ORDERS will hang short positions in the demand zone, leading to a large amount of liquidity in the lower demand zone.
Without affecting the structural integrity, we can visit the demand zone once; thus, some aggressive traders will think: the rising trend line is broken, the converging triangle pattern is destroyed, and they will enter short positions, thereby providing liquidity.
As shown in the image, many will also see that it can't break through here and will enter short positions, thus providing enough fuel to break through the resistance level at 86k.
