Over the weekend, the volatility in the coin circle decreased, and BTC basically remained in a narrow range of 67,000-69,000. From a time perspective, it has been oscillating for more than 10 days from the middle to late May until now. From the structure of the 30-minute level, it is also about to upgrade to a nine-section upgrade hub, and it is expected to change direction in a few days. As for whether it will change direction upwards or downwards, let's look at the detailed analysis:

First, let's look at the 4-hour chart. At the 4-hour level, it is currently undergoing a downward retracement, perfectly fitting the analysis and deduction in the article "The Probability of BTC Daily Level Three Buying is Increasing" published on May 6. From the perspective of the upward trend type at the 4-hour level, it is already in a line segment type three buying. Looking from another angle, extending the left yellow hub, the current potential hub is the eleventh buying point.

The appearance of a buying point will inevitably lead to an increase! The simultaneous operation of the daily level three buying and the sub-level 30-minute level hub, which has already grown into a nine-section upgrade hub, means that the next 30-minute level downward segment termination will be an excellent buying opportunity. Buy first, then sell.

Now, let's look at the 30-minute chart. It is currently undergoing the ninth downward segment, and the termination of this segment will form the ninth buying point of the hub. As long as it does not break below 66,312 points with non-divergent volume, it will be an excellent buying opportunity. The best trend is a slight break below the left 66,670 low point as shown in the chart, forming a bear trap, which greatly increases the probability of an explosive rise in the nine-section upgrade pattern. It will go challenge the high point of 71,979.

In summary: The large-scale daily level three buying upward segment is definitely not over, and the general direction is upward. Our trading strategy becomes very simple: the long position remains unchanged, and for the medium and short term, buying on retracements is the main approach, until a clear structure appears within the daily level upward segment, then consider gradually reducing the position.

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