MikeLei

In the past four days, there have been continuous breakthroughs above previous highs, but then it fell back. The final daily line closed in a consolidation zone.
The consolidation over the past three days was relatively mild, with little fluctuation. But today, if the daily line finally closes back in the same area as the previous three days, these bullish traders who are chasing from above might put significant pressure on the market, possibly no longer allowing it to continue consolidating like this. $BTC

Update
Figure 1: 4H chart, BTC is still oscillating around the central zone, attempting to break out of the zone. Watch whether the MACD during the breakout can make a new high and whether the area is larger than before. Otherwise, treat it as consolidation divergence and consider short positions.
Figure 2: 1H chart, after breaking out of segment b, BTC has left the original central zone, and b did not diverge from a, and a 3-buy pattern has formed. This means another new central zone will inevitably appear later. Currently, the action to take is to wait for the new central zone to form, t