Dear family babe: $BTC BTC 4-hour level market analysis

A very typical M top formation, with the top lowering. Look at the lowest point between the two tops, which is the neckline. The neckline is the dividing line between bulls and bears; breaking below it means the upward trend is over and the market begins to move downward.
Look at the 4-hour market bullish and bearish volume. If it does not break below the neckline, watch for a rebound at the 4-hour level. The volume is not large, and it continues to move sideways and fluctuate. At this time, the market is likely consolidating at a high level, and it may try to break upward to test the resistance, which will determine the future market trend.
The current market is weak. The previous analysis discussed the one-hour level trend, which has already broken the pattern. The neckline at 87100 cannot be surpassed. Everyone should exit their long positions first. Learn about the M top and the neckline strategy by referring to the recently posted technical article on the M top.
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$BTC #BTC #比特币