💡Text and picture simplified version Simple analysis $BTC

Last week, the final idea was to oscillate around the range of 64,000-60,000. At present, it is indeed the case. This morning, the price challenged 64,000 again and reached a new high in October, but the price failed to continue in the short term.

However, from a structural point of view, the market is still optimistic.

Although the price was temporarily suppressed near 64,000, it did not fall back much, but fluctuated in a narrow range around 64,000. Can this be said to be a strong bear?

Near 64,000 was the defensive position of the bears before. Now the market is like a long army at the gates of the city, ready to attack at any time.

So from the performance point of view, the bulls have more advantages, and the market 64,000 is also likely to be broken.

The short-term performance remains the same. After hitting a low on October 11, it was reversed by V, which is also a strong performance of the bulls. After the market enters a oscillation, it can be regarded as an upward relay. Today's oscillation is broken, which is regarded as a continuation of the trend.

The structure of both large and small positions is dominated by bulls, so I am not considering going bearish for the time being.

Even 64,000 was broken and stabilized. I think this is also a precursor to the 7-month volatility at the weekly level!