Explain the core logic and the capital game behind the candlestick chart

Last night's positive news caused Bitcoin to rebound; it’s necessary to judge the market trend.

First, the logic must be clarified, not blindly drawing lines. Currently, it is a bear market; whether from the perspective of time cycles or chip structure, the conditions for a bull market have not been met; it is a medium-term rebound in a major downtrend.

Most of the traders who entered from February to March are short-term traders who take a profit and leave. When the price reaches the significant resistance zone at 83/85【yellow zone】, profit-taking is inevitable, and the chips that were trapped in the dense trading area here earlier are also the last chance to escape. Under dual suppression, a pullback is inevitable.
The trend in the next week is likely to fluctuate downward, with a small chance of touching the yellow line, rising sharply, then falling back to form an upper shadow, and then heading south.

The above content only represents personal opinions and does not constitute any investment advice. The market carries risks; invest cautiously.