Bitcoin falls below short-term convergence triangle
BTCUSDt Bitcoin falls below short-term convergence triangle BTCUSD 比特币跌破短周期收敛三角形态 ● Weekly As shown in the figure, from the low of 3782 in March 2020 to the high of 69,000 in November 2021, draw the [Fibonacci sequence] and the current price is about 0.236. And it has stayed at this position for about 21 weeks since June 2022. Obviously, the market believes that the 0.236 position of the [Fibonacci sequence] is the price support for this bear market. 周图 如图，从2020年3月的低点3782到2021年11月高点69000，绘制【费波纳契数列】现在价格大约是0.236左右。且从2022年6月至今已经停留在这位置21周左右，显然市场认为【费波纳契数列】的0.236位置是这波熊市的价格支撑。 ● Daily Although the price has stood above the MA30 on October 22, it is still below the MA90, obviously there is still huge pressure above. And as shown in the (large) triangle convergence pattern, the price will still oscillate within the triangle convergence pattern range in the near future. 日图 虽然价格已经在10月22日站到均线MA30之上，但仍在均线MA90之下，显然上方仍有巨大压力。且如图的(大)三角收敛形态，近期内价格仍会在三角收敛形态区间内震荡。 ● 4 Hours Earlier, the price had fal...