Run away! The last chance to escape!
In fact, you can see that this round of unilateral rise has been rushing on the daily MA5!
After the reversal, a high-level dead cross will be formed. After the continuous correction in the past two days, many people will think that 87,000 and 85,000 have bottomed out! I think it is highly unlikely. My view is just the opposite. The rebound in the past few days is around 90,000-91,000 to build a top!
Because all the sideways and rebounds here are to attract more troops to continue to get on board. After all, the market is now full of bullish sentiments and bearish sentiments are too strong.
The lower range is 75,000-80,000. I think this small range must be stepped back. This is the starting area of the rise of more than 5,000 points last weekend, so I think there is a high probability to take over the liquidity of this cme gap. Why am I so sure? Because the decline of the altcoins in the past few days has verified that it is not the altcoin season. The rise of the altcoins has not kept up with the speed of Bitcoin. So I judge that the rise after this wave of decline is that Bitcoin will slowly touch 100,000 in a few months or even half a year. During this period, there will be a three-month altcoin season, not now.
From 70,000 to 90,000, there is no callback at all. Now, no matter from market data and various positive factors, there are not many, and the technical indicators also need to look at the callback.
Therefore, the first callback range is stuck in 83,000-80,000, and then it is the previous low area of 81,000-76,000. 73,000-73,000 also needs to be stepped back for confirmation.
Well, half a month of November has passed, and the adjustment will start in the second half of the month, starting now. December will continue to be dominated by callbacks and declines, and rebound in January.