Binance Square

Kevin Jay 777

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The Final CarnivalAs I mentioned in my previous articles After hitting a new high tonight, it's highly likely that this will be a peak Preparing to pull back to 84,000 - 85,000 Don't FOMO $BTC $XRP

The Final Carnival

As I mentioned in my previous articles
After hitting a new high tonight, it's highly likely that this will be a peak
Preparing to pull back to 84,000 - 85,000
Don't FOMO

$BTC
$XRP
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A sharp drop is imminentThe whole network is bullish and is shouting that the altcoin season has arrived? But as I wrote in my previous articles, I only see Bitcoin preparing for a big pullback! I estimate that tonight will create another high point, maybe spike to 97000, or around 96250, and then prepare for a big pullback. I believe this pullback will reach 84000 to 85000, and then a new round of rising will begin. As for whether the new round of increase will create a historical high or will it top out around 100,000? That's for later. Just watch and walk, don't FOMO. Chart one was drawn 5 days ago. Chart two is the Wyckoff distribution phase. (Currently believe we are ready to surge high and then retreat, just tonight)

A sharp drop is imminent

The whole network is bullish and is shouting that the altcoin season has arrived?
But as I wrote in my previous articles, I only see Bitcoin preparing for a big pullback!
I estimate that tonight will create another high point, maybe spike to 97000, or around 96250, and then prepare for a big pullback.
I believe this pullback will reach 84000 to 85000, and then a new round of rising will begin. As for whether the new round of increase will create a historical high or will it top out around 100,000? That's for later.
Just watch and walk, don't FOMO.

Chart one was drawn 5 days ago.
Chart two is the Wyckoff distribution phase.
(Currently believe we are ready to surge high and then retreat, just tonight)
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Bitcoin Top ApproachingThe article posted 3 days ago clearly indicated that Bitcoin might be following the Wyckoff distribution model at this stage, which suggests the position of a potential local top. It really looks like it right now 🥰 Next, if there is a final surge and then a drop, around 96262, or a spike up to 97000, be careful as it may not be advisable to chase long positions. The image below was drawn 5 days ago 🤭 We should currently be in the final segment of the green box, preparing for a surge and drop. Pay attention to medium and short-term positions as it may be appropriate to take profits at high levels. $BTC $ETH #比特幣走勢分析

Bitcoin Top Approaching

The article posted 3 days ago clearly indicated that Bitcoin might be following the Wyckoff distribution model at this stage, which suggests the position of a potential local top.

It really looks like it right now 🥰
Next, if there is a final surge and then a drop, around 96262, or a spike up to 97000, be careful as it may not be advisable to chase long positions.
The image below was drawn 5 days ago 🤭

We should currently be in the final segment of the green box, preparing for a surge and drop. Pay attention to medium and short-term positions as it may be appropriate to take profits at high levels.
$BTC
$ETH
#比特幣走勢分析
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Bitcoin Stage Top Has ArrivedAs mentioned in the previous article, I originally thought there would be a retracement to 80,000 before a rise. However, this week it shot up directly! But I also mentioned in my article that if it stabilizes above 88,500, the retracement to 8 would be invalid, so theoretically, this wave of surge should also be sustainable 😊 I currently believe we are very close to a phase top position. I think it will follow a distribution pattern similar to Wyckoff, possibly creating two more peaks before starting to pull back. The image below is what I drew yesterday morning, and it currently aligns with the trend. We will wait and see 😊 $BTC $ETH #加密市场反弹 #比特幣走勢分析

Bitcoin Stage Top Has Arrived

As mentioned in the previous article, I originally thought there would be a retracement to 80,000 before a rise. However, this week it shot up directly!
But I also mentioned in my article that if it stabilizes above 88,500, the retracement to 8 would be invalid, so theoretically, this wave of surge should also be sustainable 😊
I currently believe we are very close to a phase top position. I think it will follow a distribution pattern similar to Wyckoff, possibly creating two more peaks before starting to pull back.
The image below is what I drew yesterday morning, and it currently aligns with the trend.
We will wait and see 😊

$BTC
$ETH
#加密市场反弹 #比特幣走勢分析
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Has Bitcoin's bull returned?As I mentioned in my previous article about Binance Square, I still believe that confirmation of a phase bottom/top requires a process of double testing the bottom/top. I still believe there will be a retest around 79,000 to 80,000, and then a new round of increase will begin. As for whether this new round of increase is a rebound or a reversal (creating a new historical high)? That is another matter. During the decline back to 80,000, it should progress in three phases (as shown by the white line in the chart). There should be a small rebound at 84,800, and then eventually decline to around 79,000 to 80,000. Chart 2 shows that the decline throughout this year has been characterized by each subsequent high not exceeding the previous high, indicating a persistent bearish trend.

Has Bitcoin's bull returned?

As I mentioned in my previous article about Binance Square, I still believe that confirmation of a phase bottom/top requires a process of double testing the bottom/top.
I still believe there will be a retest around 79,000 to 80,000, and then a new round of increase will begin.
As for whether this new round of increase is a rebound or a reversal (creating a new historical high)? That is another matter.
During the decline back to 80,000, it should progress in three phases (as shown by the white line in the chart). There should be a small rebound at 84,800, and then eventually decline to around 79,000 to 80,000.

Chart 2 shows that the decline throughout this year has been characterized by each subsequent high not exceeding the previous high, indicating a persistent bearish trend.
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Bitcoin Market Outlook🎯 Conclusion: First decline, then rise. The market two days ago took the liquidity from the previous high above and then smoothly declined. But many heavy lows have already accumulated below. There are a lot of stop losses for long positions over there. I still believe the market will go back and sweep them. It might spike to near the integer level of 80,000. There is also a small price gap that quickly surged up. #比特幣 #bitcoin $BTC

Bitcoin Market Outlook

🎯 Conclusion: First decline, then rise.
The market two days ago took the liquidity from the previous high above and then smoothly declined.
But many heavy lows have already accumulated below.
There are a lot of stop losses for long positions over there.
I still believe the market will go back and sweep them.
It might spike to near the integer level of 80,000.
There is also a small price gap that quickly surged up.

#比特幣 #bitcoin $BTC
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