Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 Last week, it was mentioned that BTC will fall back to around 105000, and currently 110000 has not broken through. After breaking through the level, a weekly double top will form. The "weekly double top" is a form that is believed to indicate a trend reversal, and its formation may lead to the following situations in traditional technical analysis logic (it should be emphasized that the Bitcoin market is highly volatile, and the effectiveness of technical forms is not absolute, only for analysis reference): Trend pressure: The double top pattern is usually seen as a signal that the upward trend may end. If it forms, it may mean that the previous upward momentum has weakened, and prices will face downward pressure in the future. Support level test: Prices may fall back towards key support levels during the formation process, such as near the low point (neck line) between double tops. If this support level is breached, it may further amplify the downward space. However, it should be noted that as a cryptocurrency, the price of Bitcoin is influenced by multiple factors such as policy regulation, market sentiment, and capital flow. The reference significance of its technical form is much lower than that of traditional financial markets, and it is easily manipulated by funds. Therefore, it is not enough to judge the subsequent trend solely based on a single technical form. When investing, it is necessary to fully understand its high risk and make cautious decisions. Technical Analysis BTC closed with a bearish candlestick on the weekly chart, with a bearish candlestick falling below the key level of 114000. It rebounded several times but did not make it to the bottom. On the daily chart, it broke through the middle track and reached the lower track. It has been four hours since the middle track did not make it to the bottom. If the middle track no longer rises, it is possible for it to fall back 100000 to 85000. The weekly closing line of ETH is not very optimistic but still very strong. This week, due to the refreshing decline of the big pie, Ethereum can only keep up. The daily line falls and is supported by the middle track. After four hours of ups and downs, it will wash back. After 4000 is broken, it will reach 3500. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

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