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[๐0403 BTC Market Analysis ๐]
Looking back at what I said yesterday, I was expecting that if he could quickly recover after filling the previous gap, it would be an excellent time to go long, but unfortunately there was no price action in the fast recovery range on the 1-hour level, and there was no planned plan, so it would not be operated
At present, from the BTC weekly and daily lines, it seems that the state is indeed not very good, but it is not so much bad, it feels more like a magnified consolidation area or a triangle convergence pattern, because the current structure is still a higher high, if you want to determine the short, you need to wait for the lower break to create a lower low, retrace to near the historical high in 2021, determine the support to turn resistance, and then it is not too late to short
At present, the focus is on observing the gap of BTC CME, 63,900-66,500, if it is not broken, it still means that it will converge, and if it is low to 62,600 before the break, it will officially create a higher low, and it is necessary to wait for the rebound back to the 2021 historical high near the previous high for a short layout
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