【In one sentence, who is really controlling the market for BTC?】
Let's first sort out the current structure of the big pie. From a graphical perspective, the big pie's descending flag pattern is very standard. It touches the upper edge of the flag and encounters resistance, beginning a downward test of the lower edge. The overall structure is clear, but the process in between is unusually complex, with ups and downs, bulls and bears interwoven, and frequent inducements for both longs and shorts in a small range...
The current big pie is no longer the market's big pie; it's the big pie of the old special family. Whether it goes up or down is just a matter of a single sentence. Just now, a casual comment suggested to take a break for a few days, and the big pie shot up with a bullish candle, only for Iran to come out and refute it, saying no one has even seen it, what the hell are we talking about! Who should I believe? This world really is just a makeshift stage!!! Forget it, no one can be trusted; let's broaden our perspective and trust ourselves more!
Currently, the big pie, disregarding the news aspect, is still in a downward phase, and the target remains the lower edge of the flag pattern, roughly around 66400.
This position was mentioned before as a short-term opportunity to bet on a rebound. As long as we keep a close eye on the lower edge and it doesn't break effectively, the chance to capitalize on a rebound here is still quite significant, with a resistance level around 72400.
If it breaks effectively, the speed of decline could be relatively fast, with a small support at 64000, but the likelihood of holding is low. The previous low at 60000 is also expected to offer slight resistance, and the possibility of making new lows greatly increases. The operational positions should still focus on the entry opportunities in the range of 58000 to 59000 that were mentioned earlier!