Medium term analysis of the market:

As shown in Figure 1: The daily line of Bitcoin has likely ended its upward trend from 74500 to 97800. Currently, as long as it breaks below the low point of 93500, it can be confirmed that a daily line correction is underway. The correction points in order are: 92390, 88950, 86186, 83413.
As shown in Figure 2: After breaking below 92000, there is actually no support below from the daily perspective; it is basically a vacuum zone. Therefore, the likelihood of reaching the range of 83000-86000 after the break is quite high.
As shown in Figure 3: If the pullback holds at 83000-86000, then a new high can still be expected, but this depends on the subsequent movement of Bitcoin. If it sets a new high later, it will indicate a wave of weekly upward movement. After this pullback of Bitcoin is completed, it will be possible to position some strong altcoins. (This movement requires time to confirm) #BTC #ETH #PI