BTC Technical Analysis
The daily level has stepped back to the MA60 moving average, this is the second time. If it cannot hold here, the ascending triangle will be broken again (the last time was MA30). If it is broken, it means that the upward trend is stagnant and broken, and it turns to a larger level (MA120). Then it will turn from trend to shock step by step, and the adjustment time will increase, which is not a good thing.
It is still in the overall adjustment from 108353. From 91530→102724 is the second part, and it is currently the third part. Since the second stage rose violently, it is believed that the third part will not be so deep. It is normal to stop above the first two red circles in the figure. If it breaks to around 86000, it will take longer to repair.
The picture shows my subjective thoughts. It has already arrived. The closed cottages have not been taken back yet. The big cake has fallen too sharply. Slowly, observe and take it slowly.
