Academician in the Cryptocurrency Circle: The convergence triangle change window opens at 3.25 Bitcoin, a breakthrough is a trap, a drop must lead to a collapse! Latest market analysis and thought reference

The current price of Bitcoin is 69,500. Is now the time to buy the dip or continue shorting? I'll put it bluntly: the long-term bearish structure has not been broken; it is currently just a weak fluctuation. Blindly buying the dip will only lead to repeated liquidation. Following the trend to short is the way to make profit! Currently, the long-term bearish trend of BTC remains unchanged; the convergence triangle just gives us a better shorting point. Don't be confused by a few small bullish candles!

The daily line moves south as the main direction; the rebound is only a repair, and the overall trend remains within a downward framework. After the daily K-line fell from a high of 75,998, it rebounded to the Fibonacci 0.786 resistance level of 74,011 and then encountered resistance and fell back. Currently, it is hovering around 69,300, which belongs to a technical repair after an oversold condition and has not broken through the previous downward trend line. Though the MACD green bars have narrowed, the DIF remains below the zero axis, indicating insufficient upward momentum, and the downward force remains dominant. The price is under pressure below the MA20 and MA30 moving averages, with the MA60 continuing to suppress downwards. The moving averages' downward arrangement has not been broken, and the long-term trend still leans bearish.

The four-hour convergence triangle is at its end, and a change is imminent. The price has retreated from a high of 71,789, with the lows gradually increasing and the highs gradually decreasing, forming a convergence triangular consolidation pattern. The fluctuation range continues to narrow, and the window for a change has opened. The MACD red bars continue to shrink, and there are signs of a death cross between DIF and DEA, indicating that upward momentum is waning and downward forces are gradually accumulating. The upper resistance of the triangle is at 71,000, and the lower support is at 68,800. Once either side breaks through, it will trigger a trend market.

Short-term thought reference: Follow the long-term trend, with small stop losses, and quick in and out.

Buying in batches from 69,000 to 68,500, with a stop loss at 68,000, aiming for a target of 70,000 to 71,000.

Selling in batches from 71,000 to 71,500, with a stop loss at 71,800, aiming for a target of 70,000 to 69,500. If the price breaks below 69,500, continue looking down to 68,500 to 68,000.

The cryptocurrency circle always has those who are perceptive benefit first, those who realize later get leftovers, and those who are unaware take the losses.

The specific operation is based on real-time data from the market. For more information, you can consult the author. The publication of the article has a delay, and the recommendations are for reference only, with risks borne by the individual.

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