📊#BTC in the complex consolidation stage, long and short need⚠️

15 בדצמ׳ 2023

➡️In the complex consolidation stage, the profit-making efficiency is low, and it is easy to be worn out whether long or short, so it is more reasonable to focus on conservative trading. ✔️

🧠From a technical analysis point of view, we have achieved our mid-term goal, and most of the profits from spot trading and futures trading have been locked here. Therefore, the selling pressure and divergence here will be relatively large, and it is very reasonable to stop and consolidate here. ✔️

➡️For this unilateral rise, the daily K-line level adjustment we expected has never appeared, and there may be a large-level adjustment after the mid-term goal is achieved, so we cannot be too optimistic about the bullish trend. If there is a major cycle adjustment, I hope it can call back to the buying zone between fib0.382-fib0.618. If there is such an adjustment, it is very worthy of attention. 👀

➡️How to judge the beginning of the adjustment of the big cycle❓
If we can fall below the turning point and continue the power of shorts, then there is a high probability that a major cycle adjustment will be realized. ✔️

⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to follow, like and share my analysis post📤