My calves hurt a lot. I ran 5KM for several days in a row. The pace was not very fast, but I still ran until I was exhausted every day. Today, the pain suddenly stopped, and I ran wildly at night. I came back and saw that Huawei had released the Ultra 70 mobile phone. My MATE 40 has become an old phone, so I decisively placed an order. I turned on the computer and took a quick look at BTC. It has broken away from the downward trend. At least at the 1H level to the 4-hour level, it has broken away from the downward triangle.
You should know that BTC has been building a structure in the past few days, from the high of $73,777 on March 14 to the end of the triangle convergence on April 12, which lasted for a month. Then it broke through the structure to form a descending triangle. During this period, everyone was very nervous. Especially for those who hold altcoins, many currencies in the previous hot sectors were severely killed, and the maximum decline was more than 70%. Then the slight rebound of Bitcoin just now gave bulls some hope. Most people agree that there will be a bull market after the reduction of Bitcoin production.
Since the beginning of 2023, Bitcoin has experienced three rounds of rising Westward Journey, and this time level is the weekly level. Currently, it is the Wukong Yang line part of the fourth round of rising Westward Journey, because there was no adjustment in the third round of weekly level rise of Bitcoin. Note that the adjustment here is necessary, because according to our K-line Westward Journey tactics, after the weekly level rise Westward Journey, it is generally necessary to make adjustments from 4H to daily level. Therefore, the adjustment of the third round of rising Westward Journey has been postponed to now, that is, the adjustment process we have seen in March and April. After this adjustment, if the Wukong Yang line of the 73777 high point this week can still survive, the sign here is that it cannot fall below 59,000 US dollars. Then in the next stage of the rise, once Bitcoin appears at the weekly level of Bajie Yang line, Sha Seng Yang line, and Tang Seng Yang line. It means that Bitcoin will reach nearly 100,000 US dollars.
Of course, many people don't like the characters I wrote about Wukong, Bajie, Sha Seng, and Tang Monk. You can also count 1, 2, 3, 4, or use the physical method. Matter includes four states: solid, liquid, gas, and ionized. In short, there are all kinds of comments below. I don't mind you criticizing the characters in Journey to the West that I am used to using. I just simplified the K-line into a way that is easy for everyone to understand and anthropomorphize.
You need to know who can explain the K-line clearly. Since the birth of the Sakata Strategy, which is the K-line and the hexagram line, almost no one can explain it clearly and no one can understand it. But there is a way to understand this kind of thing with high degree of freedom, that is, you must have your own framework. Whether this framework is the wave theory, MACD, KDJ or your favorite entanglement theory. Any state of the K-line in your eyes is what you can understand about yourself. So my understanding of the K-line is so simple and direct. Follow the bombardment of the shells in the comment area below. This is how I understand the K-line. Maybe you think that my method can simplify the K-line, which may be helpful to you. If you think it is not helpful, you are also welcome to bombard me. Of course, it is useless for you to bombard me. My understanding of the K-line is my understanding. I am just sharing my K-line world with you here.
Today Huawei is online, and the day after tomorrow Bitcoin will be reduced in production. My legs are no longer painful, and I ran a lot to secrete too many endorphins, which is a major positive. Here I would like to share with you my views on the market. At present, the cottage has fallen to the bottom, and there is not much room for further decline. Even if Bitcoin falls further, I believe that most cottages will rebound soon. After the reduction in production, WEB3.0 is waving to everyone. Comrades, hold the bottom chips, the position is more expensive than money, and it cannot be bought back.
That’s all I’m sharing for today. Due to my limited level, the K-line Journey to the West strategy views are for reference only and cannot be used as a basis for investment.
