Bitcoin has been consolidating for over a month since November 26th. The daily chart shows 30 K-lines of adjustment, indicating a clear halt after the black swan waterfall. Currently, Bitcoin's consolidation still requires about ten days to half a month of adjustment, or it can be understood as accumulation, and the logic is the same.



From a price action perspective, as long as the box range adjustment lasts long enough, with at least a 50% probability of either rise or fall, combined with the broader macro background, Bitcoin has already broken through a key trend line. Subjectively, the probability of an upward move is slightly higher.

Secondly, there is a dense resistance zone around 87,000, further indicating that large institutions are very active around 87,000, which also suggests a major trend is coming.
The current adjustment still needs a bit more time, so everyone can hold onto their funds and wait for a good opportunity.

Warren Buffett: A great baseball player only swings at the best moment.
BTC0,44%
ETH0,84%
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