#BTC The overall trend of Bitcoin is basically as expected. The Monday sell-off routine was also predicted in advance, so I have been advising everyone not to easily catch the bottom, focusing on shorting during rebounds: - From the harmonic pattern perspective, it first dropped to the 886 position of the bat pattern, and after a slight rebound, it dropped again to the backup bat position at 113, both aligning with harmonic expectations. Currently, it is oscillating within the 30m Bollinger Bands. If it doesn't go up, there is a chance it will continue to drop to the crab position at 106650 to seek support. - Analyzing from the Bollinger Bands perspective, Bitcoin has made a small-scale long-short conversion on the 30m chart. After the 30m contraction, the directional choice is upward (left side of OB). A wave of SOS pulled up to around 109700, forming a common double top pattern before starting to sell off. After completing the backup bat, it rebounded to the 30m Bollinger resistance level (position 1). The key 30m Bollinger support has turned into resistance (very classic). Currently, it is oscillating in the 30m range, and it is highly likely to have one or more rebounds to the 30m upper band (position 2) nearby. We can consider trying to short, with a stop loss on a breakout. If it doesn't break the line, we can see the crab pattern at 106650, or even lower at 105000-102000 (daily support).
#BTC is basically as expected last night, reminding again of the risk of a crash on Monday. I will choose to go short as the main direction. If you understand, please like and support.
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