I made a prediction about Bitcoin's trend and am sharing it with everyone for discussion and learning. This sharing is not investment advice; please do your own analysis.



The resistance above Bitcoin is around 790. It was possible to be bullish if it had broken through, but since it didn't hold above 830-850 and stabilized, I am bearish. Also, since 790 didn't hold, the recent support level is around 760. If it breaks below, it could drop to 720-700, and if it breaks further, it could reach around 660-650.

At the same time, we checked Bitcoin's chip distribution, and my prediction has been consistent. In the 75-720 range, the chips are fewer than below 720-700, and the chips in 660-700 are less than at 650. How to interpret this? One way I explained during my live stream is by analyzing pressure, support, and volume-price relationships. There are also paid websites that provide this analysis.

Whether it goes up or down specifically, I don't know. Only the whales know clearly. Personally, I am bearish.

My opinion may not be correct; this is for reference only.
BTC-2.31%
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