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$BTC The trend still matches the data we displayed.
Review:
1. First, the dense trading zone began around 70,600, and the market stopped falling.
2. Then, it oscillated between 70,100 and 71,200.
3. Currently, the closing price has broken above 72,000.
Now, let's analyze the future trend in detail using precise indicators:
From the trend cost band perspective, two long bullish candles directly broke through the short- and medium-term accumulation cost bands at the edge, establishing an upward trend sequentially.
From the dense trading zone perspective, short-term bulls have been actively trading densely, and the medium-term bears were broken through by the second large bullish candle, giving up resistance. This proves that the bears have been defeated, and they are defeated by the market. The bears give up on dumping, and the price will rise.
From the chip vacuum zone perspective, the strongest distribution vacuum zone at 73,700 has been broken through. However, after breaking through the vacuum zone, the price continued to decline, which is very likely due to limit orders not being fully consumed by buy orders. Historically, this is often the case. So, the high position remains at this level.
From the liquidation pain point perspective, the old large short stop-loss zone is still ongoing, and no new resistance zone has appeared. The price level here is highly consistent with the vacuum zone, also around 73,700. The target for this high point is still at this level. It is very likely to break through and push towards 74,000.
In summary, the low point is still near the edge of the accumulation cost band at around 70,000. Falling below this could lead to deeper declines, with the high point above 73,700.
But it should be noted that this is a long-term trend, and we need to constantly monitor the distribution dynamics after a rally.