#BTC enters complex consolidation phase

21 ago

📊#BTC enters complex consolidation phase

🧠From a structural point of view, the 1-hour bullish structure has not been destroyed, and there is still the possibility of continuing to rise. If the yellow inflection point (58501) is broken, then this bullish expectation will most likely be invalid.

➡️Judging from the 4-hour chart, we are still blocked by the downward trend line and then started to fall back, and the closing price of the 4-hour K-line is lower than 59300. This is a not very good signal, which means that we may fall further. . If we can break through the blue inflection point (61386) again, then we can see an increase above 64k, otherwise don't be too optimistic.

Let’s see 👀

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