As long as the holding amount is not concentrated in more than 90% in a few addresses and the project team, like the volatile cryptocurrencies, all financial stocks and currencies can be analyzed and traded based on the price channel structure.

Advantages of the price channel: 1. It does not rely on traditional lagging moving averages, MACD, and other indicators.

2. It has clear price point references for overbought and oversold boundary points, combined with horizontal support and resistance levels. The price channel uses the central axis as the boundary, with the upper and lower lines representing overbought and oversold boundary lines respectively.

Figure 1 shows the declining structure of BTC11w, currently the big coin is still a step away from the serious overbought point of 995~10w.

Figure 2 shows the 4-hour rising price channel after the big coin broke through 9w; I'm not a backseat driver, I previously shared the structure of the big coin.

Can we still short now? Can the big coin still rise?

Be patient, do not trade until the target point is reached, and cultivate this habit.

After the breakout at 983, it almost reached 995, with 983 being a very short-term support for the day. The support below is at 973, 956.

If the big coin spikes to 995~10w tonight, a short opportunity can be taken with a stop loss within 1000 points. If it stays above 10w for an hour, it will completely enter a strong phase, with the next target being 102800.

It is worth noting that the big coin's daily line has already shown a top divergence, and with the Federal Reserve not lowering interest rates this month as expected, it should rise; from 935 to below 10w, there is also a rise of over 6K points. Shorting between 9w and 10w is fine as long as you are willing to take a loss.

Additionally, the trash Ethereum is purely a toy that Vitalik has grown tired of; it's rubbish, and I won't accept rebuttals.