Bitcoin sideways for 2 months, with the amplitude convergence, K line combination gradually formed an arc top. This is a very frightening shape.
Let's start with the elements of the arc top, starting with the moving average, which is currently short in ma36, MA18 and MA6. Secondly, the neck line of the arc top is near MA144. If it falls below this position, the arc top is confirmed to be formed.
How to break the arc top?
1, price breaking the moving average pressure.
2, break down, let the short energy release, looking for support near 4000.
Suggestion: now is not the time to enter, strictly enforce the right trading standards, waiting for the trend to be clear.