A brief analysis of BTC short-term trends from the perspective of the Dow Theory, Chan Theory, Elliott Wave Theory, the price-volume relationship, order flow, and price action (strategy suggestions)
$BTC #btc Overall assessment
The Dow Theory provides signals that the main trend may be undergoing a turning point, and the consecutive high-volume breakouts on July 14–15 are the key turning point.
Chan Theory shows extremely strong upward stroke strength (+3,270), but the latest downward stroke strength is moderate (-787), and selling pressure above 65,000 is evident.
The Elliott Wave Theory suggests it may be in a pullback phase of Wave 4 in a new uptrend cycle.
The price-volume relationship presents a positive combination: “pullback with contracting volume + breakout with expanding volume + consolidation with contracting volume.”
Order flow shows POC at 64,036, with price trading at a premium; the Delta MA12 has fallen back to around the zero axis.
Price action shows a “Eve-of-dawn” star pattern, with concentrated selling pressure above 65,500.
Short-term strategy suggestions:
Bullish scenario: If price is around 64,000–64,500 and shows shrinking volume to stop the decline + a bottom formation + Delta turning positive, you can try going long. Targets: 65,000 → 65,500 → 66,500. Stop loss: 63,500.
Bearish scenario: If the rebound reaches around 65,000–65,200 and produces a top formation accompanied by high-volume decline, and once the 65,500 resistance is confirmed effective, you can short. Targets: 64,000 → 63,500. Stop loss: 65,700.
Current status: 64,723 is in a consolidation zone after the Wave 4 pullback; short-term bulls still hold an advantage but momentum is weakening. It is recommended to wait for the pullback to 64,000–64,500 to confirm support before going long, or wait for a breakout above 65,500 to confirm the start of Wave 5 before chasing.