Hello everyone, there was no update yesterday. Bitcoin is in a box range fluctuation with not much market movement. The upper side is still being suppressed by the major central level on the daily chart. A direction will soon be determined, and I personally feel that the likelihood of a decline is quite high. This position has been sideways for a few days now, giving many people the opportunity to get in. I firmly do not believe that retail investors getting in will lead to the big players driving up prices to help retail investors make a profit. If you were the big player, would you play it this way? Moreover, many people are trapped at the top, and they need to break even. Pulling up will incur more capital costs. From the K-line perspective, the recent slope line formed within the four-hour level box has already broken down, and it is still being pressed by KC1. Prepare for a waterfall decline.
