1. The small timeframe has broken below the logarithmic trend line, with strong resistance at 115k. It is highly likely that there will be a day where it dips down to 111 to sweep the stop-loss orders below yesterday's low of 112.
2. After reaching the target, there is a high probability of sweeping the new high stop-loss above 123k. This is because a considerable amount of short positions have accumulated after breaking below the 118 trend line.
After reaching 126k, the risk increases, with large-level top divergence and a shrinking triple top, indicating a significant decline at the weekly level.
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#BTC short-term and medium term script:
1. The small timeframe has broken below the logarithmic trend line, with strong resistance at 115k. It is highly likely that there will be a day where it dips down to 111 to sweep the stop-loss orders below yesterday's low of 112.
2. After reaching the target, there is a high probability of sweeping the new high stop-loss above 123k. This is because a considerable amount of short positions have accumulated after breaking below the 118 trend line.
After reaching 126k, the risk increases, with large-level top divergence and a shrinking triple top, indicating a significant decline at the weekly level.
Easy version: 115000-110800-126000-below 100k.
#BTC #ETH #比特币 #以太坊 #翻倍计划