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A simple chart can help you understand BTC's upcoming trend
The four-hour structure chart shows that Bitcoin has already broken below the upward trend line, and the neckline position has also been broken. The subsequent market can only be shorted
Currently, Bitcoin is quoted at 76.7k yuan. If I didn't have any positions, I would definitely choose to chase the short. The trend has already changed, and you might not realize it
Small timeframes determine the future trend of larger timeframes; the four-hour chart determines the daily chart's future trend. 79k yuan is already a thing of the past
The daily chart shows a double pin top. Many traders should exit quickly—there's no opportunity left. The next target is 74k yuan