道长谈比特币
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Comparison of weekly pullback movements over the past two years
How to determine if it's stable?
Let's talk based on the chart
Figure one, the weekly chart movement before the pullback in July last year
Broke through the yellow line but couldn't hold it and went straight down, let alone hitting the red line
Figure two, the weekly chart movement before the pullback in March this year
Broke through the red line, but the third one came down directly, so it's also an invalid breakout or a false breakout. Therefore, the subsequent movement must be bearish, even if there's another attempt to buy time.
Alright, where are we currently in the four-hour rebound process? In terms of time, we have reached the rebound position from March this year, but the price hasn't reached the red line. Here, we can't rule out a fluctuation that drags on time, and then continues to rise before pulling back again.
Let's talk based on the chart
Figure one, the weekly chart movement before the pullback in July last year
Broke through the yellow line but couldn't hold it and went straight down, let alone hitting the red line
Figure two, the weekly chart movement before the pullback in March this year
Broke through the red line, but the third one came down directly, so it's also an invalid breakout or a false breakout. Therefore, the subsequent movement must be bearish, even if there's another attempt to buy time.
Alright, where are we currently in the four-hour rebound process? In terms of time, we have reached the rebound position from March this year, but the price hasn't reached the red line. Here, we can't rule out a fluctuation that drags on time, and then continues to rise before pulling back again.
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