Qingmei Cooking Coins: Looking at the current pattern of Bitcoin from the perspective of chip distribution

This is the chip distribution from 69,000 to now. The bottom support area overlaps very much with the head and shoulders bottom pattern.

The rough range of the middle shock zone is 27,000 to 30,000. The chips locked above are above 36,000. It is more reasonable to find the top of the rebound below 36,000.

If you press the theoretical target level of the head and shoulders bottom, it should roughly reach around 35,000.

The market will generally flow towards the direction of least resistance. The chips in the support area below are very thick, so the probability of the market taking another step forward is higher.