Peter Brandt: Bitcoin expands triangle target level to $56000

According to Peter Brandt's post yesterday, Bitcoin is currently forming an extended triangle shape, which is relatively common and usually reliable in the history of Bitcoin. According to the measurement rules, the target position is projected downwards from the breakthrough point in terms of form height. The attached figure shows that the breakthrough point is roughly around $74000 (marked as $74400 in the figure), and the shape height projection indicates an arrow pointing to an area of approximately $56000.