Yesterday totaled 5600 points by ⑥ Dan. In terms of the price action: after the pre-dawn consolidation yesterday, it initially surged and tested the strong overhead resistance without breaking through, then continued to weaken. Yesterday it reached the level of 872, suggesting a Dan position; Kuang Dan entered. After Kuang Dan took a position in the afternoon, it was observed and waited. When it broke below the parallel swing low that had moved up, it chased Kuang Dan along the upward-shift line. During the night, it moved strongly downward, testing the next parallel upward-shift high point at 838. Kuang Dan held a position around here. After a rebound, it put in a second leg of Kuang, and then weakened again, testing the front 4-hour Bollinger upper band. Kuang Dan held the position decisively. The 1-hour chart also filled the gap with Kuang Dan holding the position. Every step was precisely executed at the right spot. It also mentioned that it would first consolidate at the bottom and then rebound—so since the bottom consolidation has already happened, will the rebound reach above 850?

From the chart, on Monday the increased volume and up-move were relatively large, entering a severely overbought area. Also, the price action has deviated from the technical structure, so it needs time for correction—some price adjustment and consolidation. The pullback has not broken the Dan head trendline; it is still intact. So as long as the trend hasn’t changed, it remains a Dan head. A deeper pullback can better stimulate the market’s desire to chase higher prices. Therefore, today you can look to go low for Dan and target upside. Pullback Dan.

Around 841 to 838: Dan. First, watch around 852 to 857. $BTC
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