$BTC Yesterday's significant rise in Bitcoin has led to some more favorable changes in the technical chart. First, the second wave of strong increases from September 23 to March 24 went through two phases, 1 and 2 being the peaks of the two phases. The third wave starting in October is still far from the appearance of phase 1, but looking at the performance of MACD, whether on the weekly chart or the subdivided daily chart, the strength of MACD has already surpassed level 1, meaning that the upward momentum starting in October is already greater than that of the increase from September 23 to January 24. Looking at the subdivided daily chart, the height of the columns even exceeds the strength seen in March this year at 73000. However, fundamentally, the double line has not yet surpassed level 2. We can only say that there is still great hope to exceed level 2 in the future. If it exceeds level 2, it means that the rise starting in October will break away from the consolidation range from March to September this year, just like launching a satellite that escapes Earth's gravity. You might wonder where it will go? Anyway, without external forces, it will not fall back to Earth and will be attracted by another planet's gravity. The same goes for Bitcoin; having escaped the consolidation range from March to September, it will not fall below 73000. In the future, it will at least need to first have a third half-year consolidation above before choosing a direction.

Currently, we are in the first segment of the third upward move, and this first segment has not yet ended. As I said, we will not short until the second red box on the daily chart appears.