From the perspective of raw K, looking at the plunge tonight, a shooting star has appeared on the hourly level, and 94 is the best opportunity to go south. Generally, this pattern appears in an upward trend, and its reversal strength is very significant.
Now, looking at the daily level, a shooting star has also appeared, and through the small level shooting star tonight, it reached a maximum of 955 without breaking the previous high, directly plunging to the current position. It may really not return to 95, let's wait another 100,000.
On the daily level, BTC has formed a shooting star top reversal pattern, which is a strong bearish signal. The trading logic is very simple; considering the lagging nature of the indicators, one can directly go south near 94, with the previous high of 958 as defense.