Update on BTC analysis

After a short-term price surge, there was a quick pullback, with repeated fluctuations up and down. From a technical pattern perspective, it is in a triangle formation. After touching the upper boundary line, the price fell back; after touching the lower boundary line, the price rebounded. However, the price is gradually approaching the end, indicating that this pattern may face a decision point for a trend reversal.

Since around 9w is a short-term strong support zone and near the lower boundary of the triangle pattern, the probability of a direct breakdown in the short term is relatively low. If a direct breakdown occurs, there would be no oscillation or whipsaw in the short term. Clearly, this is a shakeout, and the most likely next move is an upward breakout.

On a smaller timeframe, consider entering long positions in the 90300-9w range. Once the triangle pattern breaks, focus on the 9.3-9.4w area above. Overall, the 4h timeframe still shows some upward movement, and at least a secondary high point is expected. #今日你看涨还是看跌？ $BTC