8.11 BTC strategy - The weekly K level has already shown a top divergence.


Do not FOMO in the current market, do not rush to enter, price fluctuations are not based on imagination, do not blindly act, first respect the market!
Firstly, a significant top divergence has appeared at the weekly K level, and this divergence is more severe than the mid-2021 weekly K! This indicates that the upward momentum during this period is severely insufficient, as the only known resistance at the weekly K level is the previous high resistance of 123300, so we need to look for pressure from the lower internal levels.
On the daily K-level, it is a very standard bullish arrangement. After breaking through the pressure brought by MA 30 yesterday, it has ushered in a rapid upward movement. The previous horizontal structure has not effectively suppressed the upward movement of yesterday and today. This upward movement is the most frightening, and currently, the technical resistance at a higher level is effectively in place.
The 4-hour chart is more evident; during the period from 8:00 to 12:00 today, the upward movement was not constrained by any structure or pattern, breaking through and moving upward all the way. It can be said that the current trend has already departed from the technical analysis.
Currently, there is only pressure at 122100-122200 and 122700-122800 on the 1-hour level. After breaking through these two levels, there is no pressure above!
FOMO7.24%
MA4.21%
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