3 pictures, Eagle gives you a clear understanding of the current market of $BTC !!!
Figure 1 is a typical rising flag consolidation pattern. The upper edge is the biggest pressure point on the market. Once it breaks through the absolute new high, it will at least look at 80,000+. I said. The lower edge is a strong support. The daily line 2 exploration is still continuing, and there is a risk of stepping back.
From the moving average, MA30 is a short-term pressure point. The previous wave of rebound was suppressed here. It was a rebound before it was effectively stabilized. After an effective breakthrough, it was a reversal.
The MA120 below is the ultimate support and the iron bottom of this round of retracement. It is impossible to break it. I said. At present, the probability of stepping back is very small, but as I said, if it steps back, it is an absolute opportunity to get on the bus, and it will be done without thinking!
In Figure 2, the red arrow is the trend of stepping back to the lower edge of the flag (strong support), and the black arrow is the trend of stepping back to MA120 (iron bottom). No matter where the 2nd probe will step back, from the perspective of time, it has been very fast, and it has reached the end of the consolidation.
As shown in Figure 3, the flag consolidation pattern is the most common trading consolidation technique in the bull market, especially in the main rising wave market, the main force will continue to wash the market by lowering the "high point" and "low point", and then violently pull up after the chips are thoroughly cleaned.
Another point, the increase after the end of this pattern consolidation is very considerable, generally similar to the flagpole of the previous flag, and at least more than 50%! #比特币减半 #大盘走势 #BTC