BTC has been trading sideways in a narrow range since July 24, when the volume fell below the 4-hour central low of 29,500. The daily K-line almost forms a straight line. As the saying goes, the horizontal direction is as long as the vertical direction is as high as it is. It is obvious that bulls, shorts, and parties are all accumulating energy, just to win with one move.
From a macro-structural perspective, this account mentioned in the live analysis on Saturday that the internal structure of the daily line that merged the second and third buy levels from the low point of 24,800 is incomplete and there is a high probability that it has not been completed. Therefore, it is not recommended to be overly bearish on the big cake at this current position. A certain proportion of spot goods must be held in hand to avoid a sudden sudden pull-up and missing out.
Let’s first look at the 4-hour chart. The logic of the third buying point of the center mentioned before has not changed, and it is obvious that there have been two new buys inside the downward line segment, and it may be pulled up at any time.
Looking at the 30-minute chart again, the 30-minute level has been in the middle-yin stage. In principle, the middle-yin stage has no direction, but combined with the large-level direction, the probability of going up is relatively large. Even if it breaks below 28861 again, it is mainly to lure the market to sell.
The above analysis is for reference only and does not constitute any investment advice!