$BTC Market Analysis
The big cake has fallen like a waterfall. Last night I saw a pin inserted at 83450, and just now it kept dropping and broke below 83000, then pinned at 82800. After pushing up and then rejecting near 87000, the shorts moved in very quickly this round.
The range 87247-87385 failed to hold. The attempt to short around 85000 had actually already given the signal in advance. Now with breaks of 85000 and 83450 in succession, this is an acceleration downwards after a stall at high levels.
Next we’ll see whether 82955 can be reclaimed. If it can be reclaimed, then at most it will chop sideways first. If it can’t be reclaimed, then 82000 and 80000 will both need to be watched again. Don’t rush to catch the bottom this time—wait for the pin to fully hit, and for the 4-hour chart to stabilize before considering it.
The big cake has fallen like a waterfall. Last night I saw a pin inserted at 83450, and just now it kept dropping and broke below 83000, then pinned at 82800. After pushing up and then rejecting near 87000, the shorts moved in very quickly this round.
The range 87247-87385 failed to hold. The attempt to short around 85000 had actually already given the signal in advance. Now with breaks of 85000 and 83450 in succession, this is an acceleration downwards after a stall at high levels.
Next we’ll see whether 82955 can be reclaimed. If it can be reclaimed, then at most it will chop sideways first. If it can’t be reclaimed, then 82000 and 80000 will both need to be watched again. Don’t rush to catch the bottom this time—wait for the pin to fully hit, and for the 4-hour chart to stabilize before considering it.
