$BTC Yesterday’s daily chart formed a K-line with a long upper wick.
Historical patterns show that after BTC prints this kind of long upper-wick K-line, the price usually retraces at least 50% of the wick; such intense volatility tends to accumulate a large amount of liquidity, and the market afterward often reverses to complete order sweeps.
Based on this: the price is likely to retest the upper boundary high of the range, then turn downward to hit the lower end of the range.
After reaching the lower area, the price may temporarily break below support, but will quickly reclaim it; afterward, it may begin a larger uptrend on a higher timeframe.
Before that, however, the market is more likely to keep churning—continuing to build liquidity at both the upper and lower edges of the range.
After all, the price has been consolidating in the $83,000–$87,000 range for nearly two weeks; such sideways ranges may well continue for several more weeks, waiting for the final, valid breakout signal.
#BTC #Macro #比特币涨至8.65万美元后回落
Historical patterns show that after BTC prints this kind of long upper-wick K-line, the price usually retraces at least 50% of the wick; such intense volatility tends to accumulate a large amount of liquidity, and the market afterward often reverses to complete order sweeps.
Based on this: the price is likely to retest the upper boundary high of the range, then turn downward to hit the lower end of the range.
After reaching the lower area, the price may temporarily break below support, but will quickly reclaim it; afterward, it may begin a larger uptrend on a higher timeframe.
Before that, however, the market is more likely to keep churning—continuing to build liquidity at both the upper and lower edges of the range.
After all, the price has been consolidating in the $83,000–$87,000 range for nearly two weeks; such sideways ranges may well continue for several more weeks, waiting for the final, valid breakout signal.
#BTC #Macro #比特币涨至8.65万美元后回落
