Going in circles, the price has returned to the 70,000 level again!
Although the daily chart has shown 8 consecutive positive candles, in technical analysis, we have been emphasizing that this type of consecutive gains has significant flaws: first, the gains are insufficient, and second, consecutive rises in a weak market are not strong bull market gains, but rather in a weak bear market, they can only be defined as rebounds!
I'm also very worried about seeing reversal signals, especially when positive candles are interrupted and turn negative. In fact, over the past month or so, there has alw
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