5/20 Analysis of Two Structures for BTC Mid-Term: Ultimately Targeting 123k
The first structure is a black falling line that continuously adds fuel, breaking through in a choppy upward manner.
The second structure is a red falling line: at this stage, due to the high leverage ratio, we will first execute a liquidity move before proceeding upward.
Although the red falling line is subjective and leans left, I still prefer it in the short term. The core reason is that I haven't seen any positive news at the spot level.
The breakdown of the short cycle structure also signifies the emergence of a new direction, and I expect it to conclude within this week.
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