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Must be vigilant about the golden pit of BTC.
Daily level;
1. In the trend of the moving averages, we are currently still in a consolidation range, so we should not be overly bullish. The space for the formation of the double top above is insufficient; moreover, the converging pattern is gradually being constructed, so if it cannot rise above the consecutive days, it will likely fall back to 105000.
2. In the Bol trend, with the arrival of the V return, the entire market has once again returned to the range of fluctuations, which has lasted for 35 days, so it won't be long before the outcome is revealed; however, once the stagnation pattern is completed, it will signal the end of the peak exploration.
3. In the trend of potential energy, the RSI and MF are currently still in a consolidation range, with no clear desire to push upward; the CCI has not crossed 100 again, so it is said that it is currently at the high point of the consolidation range, unable to form a breakthrough, just a surge followed by a drop.
4. In a market with a balanced view, after the price of the coin enters the bullish cloud, a violent rebound occurs. It can be observed that the cloud layer is too thick, making it unsuitable to initiate a trend, so we need to wait for the moment when the cloud layer becomes thinner to start: First, we focus on the key nodes from July 7 to July 11; before that, we should observe the movement of the trailing cloud, as the current trailing cloud is already very narrow, and we need to see if it can flip to a bearish cloud; at the same time, the sideways movement before July 7 will be mainly based on the middle track of the Bollinger Bands, leading to even narrower fluctuations, coupled with moving averages.
In summary: The current trend of the market needs to test whether it can break upward. If not, the stagnation pattern will be complete, and the market needs to fall back to around 105000 to continue a narrow range of fluctuations. Therefore, we should first look at the turning point after July 7th. Before that, we only need to focus on the end of the Ichimoku cloud.