Views on the evening market:
1. BTC's daily line is still running in a slightly downward-sloping parallel channel. The overall short volume is beginning to weaken, indicating that the strength of the shorts is weakening.
2. The two large waves of decline in the parallel channel are slowing down, which is also a signal of weakening shorts.
3. The lower line of the parallel channel is support, and it is also near $60,000, which is a relatively strong support. It did not fall below the two callbacks.
4. Yesterday, a positive star line was closed. Although there was no increase in volume, there was strong support below. Such a situation near the support level is also a manifestation of strong bulls.
From the above analysis, it can be seen that although the bulls did not increase in volume, the strength of the shorts is weakening. 🐳qun scab🔥娓: 1983211157 This is a sign of an impending change. The current trend background is a bull market. During the bull market, the strength of the shorts will be weakened. The market always runs in the direction of least resistance. The market will run in the direction of the strongest force. Therefore, judging from the current market trend, the possibility of a sharp drop is very small.
Overall, BTC is stronger than other currencies. The callback amplitude of this wave is not large, but the strength of BTC does not mean that it will definitely surge in the future. The tiger away from the mountain is a common means of copying by the main force. The purpose is to let traders sell the weak currencies in their hands and buy strong currencies, and then pull up the weak currencies at the moment. When traders find that the strong currencies are not rising, and the currencies they just cut suddenly become strong, it is too late, and then they start to repeat the previous operations. This is chasing the rise and killing the fall, which eventually leads to less and less principal.
