(BTC late trading analysis and prediction)From a weekly perspective, the highest price of the pie reached around 48,970 last week, which has exceeded the high of 48,190 before the weekly level of the pie continued to decline in 2022. This shows that before entering the bear market in 2022, the price at the high point has broken through, and the market has officially announced that it has entered a bull market cycle. However, judging from the K line, the pressure around 49,000 is still relatively strong. Last week, the weekly line of the big pie failed to close the positive line. From the indicator point of view, the weekly level MACD has turned into a cross, and there is a need to step back on the short-term weekly level of the big pie. Unless the pie price is expected to continue to reach new highs this week, the trend of weekly downward adjustments can be changed.If the pie successfully breaks through the high of 48,970, then the next target will be around 52,000.From a four-hour perspective, the lowest price of the pie today reached 41718. It has not fallen below the previous low of 41500. Judging from the chart, the current rebound at the four-hour level is weak. However, the four-hour level has now stood above the 5 10MA moving average. There is demand for rebound at the short-term hourly level.As can be seen from the figure, the current short-term bottom of the four-hour level is in the 40750-41500 area. If the pie holds firm on the moving average and continues to rise, in the short term, you need to pay attention to the pressure level of 46109, the high point of the big negative line at the four-hour level. Judging from the four-hour level, the selling pressure starting from 46109 is still relatively large. If the short-term market does not fall below a new low, the price will most likely continue to fluctuate in the 40750-46109 range before choosing a direction.After nearly five months of growth, the price of the pie has reached 48,970 from the initial 24,900, an increase of about 49%. The current emergence of Bitcoin ETFs has also led to the participation of many Wall Street financial giants. Generally, large institutions will shuffle the market before entering the market on a large scale. As can be seen from the figure, in the past month and week, the inflow of the exchange pie was more than 60,000 pieces and 15,200 pieces, respectively. It shows that after the price of the pie reached above 40,000 recently, the differences between long and short continued to expand. The volatility of the pie will become higher and higher as prices rise. However, this is unavoidable. After all, institutions have not received enough chips yet, and the market will definitely be reshuffled after the ETF goes online. Therefore, in recent times, it has been even more difficult for the price of pie to reach new highs. However, a healthy market has both ups and downs. In the early stages of a bull market, all retracements are to pave the way for a better rise in the future.The spot party of the big pie can be ignored recently. Even if the price fluctuates significantly, the pin will be inserted to complete the bottom. However, if you are lucky enough to see a big pie starting with 3, then you may have caught the last train in the early stages of the bull market.Looking at Ether, the exchange rate of Ether has bottomed out recently, and the trend of Ether is now stronger than the market. This is a boon for altcoins in the market. After all, the ancestor of 90% of altcoins is Ethereum. It can be seen from the figure that there have been a lot of outflows of Ether from exchanges in the past month, and large amounts of Ether have been flowing into exchanges in the past week. The big picture is that the long-short divergence began to intensify a month ago, and the long-short divergence of Ether only began to intensify in the past week. This shows that the end time of ether's adjustment may lag behind that of the pie. Therefore, Laogou personally predicts that in the next wave of rise, the big pie will start with ether first.Having said all this, I have paved the way for the word "fall", but there is no need to panic. The phased adjustments are temporary. The adjustments at this stage are to achieve higher prices in the future, so spot traders do not need to worry. After all, at the beginning of last year, Laogou called for the early stage of the bull market. At that time, the position was basically full. According to the current market price, the combined profit of the position is more than double. If the market gives the opportunity to fall in the bull market, then it is the last train from Gouzhuang to the bull market. Everyone must seize the opportunity.That’s all for today. Thank you all for your long-term support for LaoGou~