The daily chart shows the "old duck head" pattern for the second time. Currently, the moving averages are in a "kiss" state, reflecting the anxiety of both long and short positions. Although there is an upward trend, the trading volume is decreasing.

BTC has failed to break through 44300 for the third time. At this point, the best approach is to take a break and make adjustments. It would be best to have a pullback and consolidation, wash out the speculative positions, reduce the weight, introduce some new trading volume at the pullback, and then regroup for another charge.

During the strong consolidation period of BTC, some "generals" (altcoins) will definitely be sent to cover the retreat. This is the time for some junk coins to perform. However, the emperor's concubines and eunuchs will also follow the retreat.

If there is a pullback, it is still a good opportunity to buy in!

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Disclaimer

All content from this account is based on technical analysis of trading theories, but does not guarantee the accuracy and completeness of the information, and is not responsible for any losses or damages caused by inaccurate or omitted information.

All information in this article is for reference only and does not constitute investment advice to anyone under any circumstances, nor is it a basis for trading and services. I am not responsible for any deviations or losses incurred from the use of this article, and I do not assume any legal responsibility!

The assets I trade are all notes from my actual trading operations. Please do not blindly follow. The stock market is risky, and investment should be cautious!

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