As we all know, the current state of Bitcoin is at a high level, with bears not coming down for a long time, and bulls not breaking through the resistance. Overall, it presents a pattern of oscillation and accumulation.

The reason why it is not dropping from the current high is that there are not enough chips above. The market makers are unlikely to come down because it doesn't make much sense. The reason it hasn't broken the high but is forming oscillations at a high level is due to a conspiracy behind it, creating an illusion that leads everyone to mistakenly believe that it will break through and then jump in, only to later drop again. It's similar to when it was around 70,000; everyone thought it would continue to rise, but what happened? It formed a cliff-like drop, like a waterfall as if the Milky Way fell from the sky.

That said, there is no right or wrong in the market; we only need to consider how to survive in the current trend and how to increase our positions indirectly. The late session hasn't shown much movement yet, and it is estimated that we are approaching a turning point. We will maintain the main trend, looking for a rebound to the range of 103200-103500 first, then observing the 100000 level, and then around 96000, just to see if the support at the bottom of the triangular area will break.

Follow our public account to learn from each other every day, as Jiang Wei leads everyone to say goodbye to blind trading.

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