So sad... $BTC The lower edge of the rising channel has really become resistance...
This week's super week has many variables, BTC rebounded after a spike near 85000, starting to consolidate sideways, further observation is needed to see if the trend continues sideways and other bullish factors, as well as the rebound after the indicator is oversold and shows divergence.
Looking at $HYPE , it has currently dropped to the price level near the spike on 10/11. It can be noted that the price of HYPE has been sideways for the past 7 days. I will draw from 50 down to the most recent spike price, which happens to form a triangle. Subsequent attention is needed to see if this descending converging triangle trend will break through.
Grape's perspective: Don't guess the direction, form trends to follow trends, do not hold positions or add to positions.
