#btc

1/ There are two key yellow cost lines
The one below:
Indicates a confirmed downtrend from the high point (after December 19), and represents the average holding cost after entering consolidation. The latest cost price is around 74,760.
The current coin price just below this cost, which is also the second time in these two months of consolidation that the price has touched the cost (the two red circles in the chart), and has not yet broken through.
The one above:
Represents the average holding cost since the highest point (October 6), with a price of 85k.
2/ Today’s price surged sharply, but the long positions have not increased accordingly; the trend and capital are diverging. The same situation occurred at previous highs of 76k and 98k.
3/ In weekly and longer cycles, the accumulated long positions per unit price still far exceed the short positions.
4/ From a Chan theory perspective, the daily central structure has been perfectly completed.
5/ Past experience:
a/ In a bear market, after weekly oversold conditions, a golden cross underwater generally starts to decline from the following week.
b/ Before a major drop in a bear market, weekly candles tend to close higher or surge.
6/ If this meme coin can drive more altcoins to form a strong bullish market atmosphere, and sentiment rises to a peak, that’s the most dangerous time.
If you are the main force, how would you choose?