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Several basic judgments on the current Bitcoin trend
1. The weekly chart is in an unmistakable bearish trend, with the next important support level at the previous low of around 53K.
2. The daily chart is in a consolidation phase within a downtrend, with the range roughly within the candlestick of the sharp decline on February 5th this year.
3. To confirm a trend reversal on the daily chart, it is first necessary to break through the downtrend line or effectively break above the high of the consolidation zone.
4. Recently, a strong rebound broke through the high of the consolidation zone and then retraced, which could be a false breakout or a pullback after a breakout, and confirmation is needed.
$BTC #技术分析