Every market change should be reviewed. Sentiment, macro factors, news, etc. will be reflected in the K-line chart. Although there is a lag, the K-line results can still provide guidance.
First look at the daily structure
Currently, it has received short-term support near the top of mid-February at 25,100. The trend in the past two months has been a channel decline starting from the high of 31,000 on April 14, and has perfectly completed 01,234. It is currently fluctuating downward toward position 5. The biggest pain point for option delivery on June 30 is 24,000, which is just around position 5. It is expected to reach position 5 in a pin-shaped manner, which is around 23,800. This is the logic of my adding positions at 23,801 to ambush BTC.
Zoom in and see the structure of 4H
Break through the resistance and insert the pin to reach the upper boundary 4 of the daily channel.
From position 4, the wedge converged, fell below, turned into a triangle, and then fell below the triangle convergence. Although it rebounded quickly, it still failed to break through the resistance of the previous triangle.
After touching the resistance line, it quickly fell back, forming a triangle convergence, broke through, turned into a channel rise, and broke through again.
Let’s look at the structure of 1H again.
Prediction 1
It is expected that the next trend will be an upward small channel at the 1H level, with a brief rebound after 012345, and then continue to move towards 24000.
Prediction 2
It fluctuated between 25600 and 24900, then fell below and moved towards 24000.
Regardless of prediction one or two, you should still touch the white bevel resistance line. After touching it, you can open a short order as appropriate, roughly between 25600-25800, with a stop loss of +100 and a take profit of 23900.
Predictions are just predictions, not investment advice, they just provide direction for your next transaction.