The market is currently showing a clear triangular structure, but it is worth noting that the upward momentum appears slightly stronger based on the displayed structure. At this moment, it is not recommended to take a position. The short position remains unchanged; waiting is the strongest weapon of a hunter.
From November 21 to the current position, the market has approached the end of the correction. The current price of 92200 is under pressure from the lower boundary of the Vegas channel and has not been able to break through, which further indicates that the pressure of the larger structure is very strong. Although positive news was released early yesterday morning, the bearish market situation has not undergone a qualitative change. I even believe that the next major market drop will come back soon. $BTC
