Analysis of the btc/eth market in the currency circle and whether a potential head and shoulders bottom can be formed. Waiting

In the long term, Bitcoin is still in the bull market rising structure of a large cycle. During the day, it is currently oscillating in a high range with the 73,000 mark as a suppression and 59,600 as a support. The shocks in the upward trend are generally adjustments to the second rise. After the adjustment, I personally believe that Bitcoin will usher in a higher breakthrough. Breaking through 100,000 is an exaggeration, but it is more realistic to rely on the bottom of 59,600 support to break through the 80,000 mark in the short term.

In the short term, we have completed the dip at the 60,000 mark, and the currency price has rebounded three times in a row to lay a solid foundation. As of the morning, it reached a maximum of above 65,700. This means that our mid-term bull has already won up to 5,700 points, which is quite explosive; this time In the rebound, I personally will not first look at breaking through the high point resistance of 73000. In the first stage, we have set a target of 64800-65800. 64800 has been broken through. In the short term, we will continue to look at 66800. This position is where we need to reduce our position in the middle line. ; The daily watershed is 68,000. In this rebound, we will judge the possibility of the currency price continuing to rise and testing the top resistance near 73,000 based on the breakthrough pressure at this position. Downward, 59600 is the breaking point for short positions. If the daily line falls below this position, the decline will inevitably accelerate. However, the breakout of 59600 is not the end of the bull market. On the contrary, the further down, the more opportunities we have to make bold arrangements.