BTC has been fluctuating between 27,000 and 30,000 since it hit a high of 31,000 on April 14 and then fell back. This shows that there are serious differences between the long and short sides in this price range and they are constantly engaged in fierce competition! The final result of the competition is only one, that is, one of the long and short sides completely defeats the other side and starts a unilateral market!
We all know that 30,000 points is the bull-bear transition point of the last bull market, where a huge amount of chips are piled up. Under the current market conditions of capital, policy, popularity, heat, etc., it is unrealistic for bulls to stand firm and break upward in the short term. This wave of upward trend from 14576 has shown signs of exhaustion in the structure of bulls. If you want to stand firm and successfully break through 30,000 points, the best choice is not to force a breakthrough but to first pull back downward to accumulate strength and then counterattack!
The bulls have reached the end of their strength!
Why do we judge that the bulls have reached the end of their strength? We can see it from the daily level of the Chaos Theory structure chart! We can see it very clearly from the internal structure of the daily upward line segment. The internal trend of the line segment is divergent and the structure is full. Looking back at the end of all the previous daily line segments, there are no more than two pen centers. Combined with the analysis at the beginning of this article, we can boldly expect that the daily level will move to the next section. Therefore, it is not a wise choice to chase the rise near 30,000. The profit and loss ratio is not cost-effective, and there is a high probability of being deeply trapped and passive everywhere.
Looking at the sub-level 4-hour trend type chart corresponding to the upward segment of the daily line, the 4-hour level has gone through two central upward trends, and now it is the third central. What is currently running is the third buying point upward segment of the third central, and this segment is a lightening point regardless of whether it breaks the 31,000-point new high. From the internal structure, I personally think that it is likely to follow the red trend in the figure: breaking through 30026 again constitutes a 4-hour second sell downward, thereby confirming the end of the daily upward segment, and following the daily downward segment, that is, the 4-hour level downward trend type.
Finally, let's take a look at the 30-minute chart. The 30-minute chart is currently in the middle Yin stage. The chart also shows the high-probability trend. After breaking through 30026, the upward trend type ends and the reverse trend type is taken. Special reminder that the 30-minute selling points are all spot or long positions!
The above analysis is for reference only and does not constitute any investment advice!
