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BTC1H Review and Simple Analysis
Major Volatility Zone Top
The probability of attempting a breakout and succeeding against the trend is relatively low
Key Structure
Three-push wedge reversal pattern
Pushes 1, 2, and 3
The third push is more likely to trigger exhaustion
Or the internal logic of a climax reversal is that the funds driving the rally are exhausted
Profiting funds start to settle and escape
Triggering a reversal or correction
Failure of the flag breakout at the end of the three-push wedge reversal pattern
Transition to an M-shaped structure; after the M top breaks down, there is no strength for a rebound
Accelerated decline; if the decline continues to accelerate sharply to the 65K range
Consider partial profit-taking on the short side
But no rush to take action for now