Early, the bulls always come out inadvertently, I believe that there will be an explosive rise soon. It is currently in the stage of consolidation and accumulation during the pull-up, and has changed from a symmetrical triangle to an ascending triangle. The key pressure at the top is near the daily upper track of 73,000. Only when this position breaks through and stabilizes will a new unilateral pull-up be ushered in. The bottom is constantly rising. Recently, we have been paying attention to the rising trend line of the triangle. The key support is near 67,000. The previous day engulfed the big Yin, and it is expected that there will be a continuation of the retracement yesterday. In addition to the influence of CPI data, the lowest test was around 67,500 and began to pull up. It has now reached 71,000. Overall, it is still in line with technical analysis, refreshing the daily big Yin low point, testing the rising trend line support Recently, the bulls who entered the market early were swept away, and the small cycle showed panic selling (fear of getting on the train), which met the need to pull the market, so yesterday there was a big reversal, and the daily line ended with a medium-sized Yang.
As mentioned last night, the daily line ended with a medium-sized Yang. Today's trend is relatively simple, and it will continue to pull the market and continue to test the pressure of 73,000 above. This position is the most important pressure point in this round of adjustment. If it cannot be broken, the price will continue to step back to absorb funds.
The market has shown a very obvious upward rhythm of shocks recently. Many times it quickly pulled back to 61.8 and then continued to rise. Therefore, today we focus on the support of the daily middle track, which overlaps with the 61.8 position of the high point of 71,500 (short-term buying point) The mid-term buying point is near the third trend line support of 67,000 (the third test is the best)
In summary, the BTC bullish trend is far from over, and the previous high will definitely be broken again. If it is broken again and not quickly recovered, a new round of unilateral rising market will begin. From the theoretical height of the triangle breakthrough, the expected high point of the next wave of rise is near 840,000. Pay attention to the support near 69,000 in the short term, and continue to buy near 67,000 in the mid-term. Breaking through and stabilizing 73,000 is a confirmation signal
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