"The Trading Classroom with Jack: The Pattern of BTCUSD Bitcoin Bull-Bear Transition"

At the beginning, we first see the daily chart of Bitcoin, but it's not the daily chart of this bull market cycle; it's the daily chart from the bull market starting in 2013 to the beginning of the bull market in 2017.

After the bull market in 2013 peaked at 1179.20 on November 30, a bear market began. Based on historical records, a large downward resistance trend line is typically formed on the daily chart at the start of a bear market, as indicated in the trend line within the chart. Once the daily cycle breaks through the large downward resistance trend line, the bull market is expected to follow.

By combining Fibonacci sequence with pattern analysis, we can also refer to the current Bitcoin daily chart and draw a Fibonacci sequence between the high point of the previous bull market and the low point of the bear market. Setting the high point of the bull market as 1001179.20, 19891.99, and the low point of the bear market as 0163.88, 3128.89.

Before the start of a new bull market surge, it typically challenges the high point of the previous bull market. In historical records, Bitcoin came to the 1179.20 high point resistance formed during the 2013 bull market on January 5, 2017, and experienced a significant pullback to the 61.8 range of the Fibonacci sequence set above at 791.35. This price coincides with the high point of 783.93 formed on June 18, 2016, and is considered a stronger structural support level.

Using the Fibonacci sequence of 61.8 to predict, if this year's bull market reaches the 19891.99 high point resistance, the most probable retracement price level would be at 13488.49. This price level overlaps with the high point formed on June 26, 2019, and serves as a support-resistance level on the daily chart structure.

After the bull market in 2013 peaked at 1179.20 on November 30, a bear market began. Based on historical records, a large downward resistance trend line is typically formed on the daily chart at the start of a bear market, as indicated in the trend line within the chart. Once the daily cycle breaks through the large downward resistance trend line, the bull market is expected to follow.

By combining Fibonacci sequence with pattern analysis, we can also refer to the current Bitcoin daily chart and draw a Fibonacci sequence between the high point of the previous bull market and the low point of the bear market. Setting the high point of the bull market as 1001179.20, 19891.99, and the low point of the bear market as 0163.88, 3128.89.

Before the start of a new bull market surge, it typically challenges the high point of the previous bull market. In historical records, Bitcoin came to the 1179.20 high point resistance formed during the 2013 bull market on January 5, 2017, and experienced a significant pullback to the 61.8 range of the Fibonacci sequence set above at 791.35. This price coincides with the high point of 783.93 formed on June 18, 2016, and is considered a stronger structural support level.

Using the Fibonacci sequence of 61.8 to predict, if this year's bull market reaches the 19891.99 high point resistance, the most probable retracement price level would be at 13488.49. This price level overlaps with the high point formed on June 26, 2019, and serves as a support-resistance level on the daily chart structure.