🔥This is the commentary on the war about BTC + the 16th lecture of the Chan theory diagram tutorial👇

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The current trend is clearly in the shape of a converging triangle. The market is always in a constant cycle of convergence and explosion. The continuous contraction of volatility can be understood as a precursor to a storm.
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My view remains unchanged; I still see 88,500. The backdrop is one of rising prices, and it cannot drop lower. It's that simple.
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How to get there? This is quite important. I believe the best scenario is: many people's long positions have stop losses, and some people placing STOP ORDERS will set up short positions in the demand area, as there is a large amount of liquidity in the demand zone below.
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If the structure is not affected, one can go to the demand area. In this way, some aggressive traders may believe that the upward trend line has been broken, the converging triangle pattern has been destroyed, and they enter short positions, thus providing liquidity.
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🔥As shown in the picture, many people will also see that it can't break through here and enter short positions, which will provide enough fuel to break through the resistance level of 86k here.

#sol #voxel #pi #eth #btc