Today I took a brief look at other analysts analyzing BTC.
It’s nothing more than painting the head and shoulders for 4 hours, and then it’s gone.
What does the head and shoulders top mean? fall? If that's the case, why don't you dare to speak?
So let me tell you my opinion. The bottom of the single positive big K on the right shoulder was 62000 in 12 hours. It then closed 4 and yin K in a row in 12 hours. The lowest was around 62170. It is now on the fifth bar and the price is around 63840. At this time A rebound is not an exaggeration.
On the daily line, it broke out of a yang-yang pattern on March 20, and has been retracing for 2 consecutive days without breaking the big yang line low of 60766.
It's not time yet for macd.
Since it is a head and shoulders top, the trend should be similar for both large and small levels within the daily line.
On the contrary, I am stubborn
Other levels within the 4-hour head and shoulders top are currently in the form of a box between 62000 and 64000, so you can operate according to the top and bottom of the box. There are many head positions near 63800 at this position, and there are many tail positions near 62000 at the bottom of the box.
It's not that it's impossible to reach the 60,000 mark. Ten days ago I was bearish -15% and it will probably start to rebound at this point. I have emphasized this mark many times. According to the current trend, if it goes down, there is a high probability of a shock and decline, then go 60,000 to copy it. To start, that is the starting point of this level is 62000.
Halving is coming! A pullback like this is a good thing! Try to break through 70,000 as soon as possible👋
