BTC Market Update

From the daily high point, it has fallen and is now entering a sideways consolidation zone.
Currently, on the 1-hour chart, as shown in Chart 1, there is a bullish divergence pattern, but bullish divergence does not necessarily mean an upward move📈. To confirm a reversal, a valid breakout of the 90570–91224 range is required, meaning only after breaking this level can we look further for upward potential【The high point of the larger sideways range is between 94580-97900】.
At the smaller time frame, the trend is relatively weak. Although there is a demand for an upward rebound on the 30-minute chart, I personally have not taken any long positions! The current market conditions are not suitable for holding long positions!
I will only go short when a failure signal appears on the smaller time frame. The downward potential could be a thousand points, isn’t that stronger than a long position?
All of the above are subjective predictions and analyses!
Returning to the trading system,
The 15-period moving average on the 1-hour chart has a death cross with the 60-period moving average, indicating a bearish direction🈳.
When a death cross appears on the 5-minute chart, go short.
The 15-minute chart is the holding period; if it cannot stabilize above the 60-period moving average, continue holding short positions!
The floating cycle resonance can be followed accordingly!
The trading system has absolute priority; it is based on objective facts! It takes precedence over any analysis and prediction!
Master this method, and trend trading will be in your hands! The risk-reward ratio is very attractive!
㊗️ May everyone go further and further on their trading journey!#BTC走势分析