An analysis of BTC's short-term trend from Dow Theory, Chan Theory, Elliott Wave Theory, volume-price relationships, order flow, and price action (strategy recommendations)
Comprehensive assessment
Dow Theory confirms that the primary trend remains strongly bullish, but the consecutive decline from September 7 to 9 completely broke the bullish structure in place since September 3, with successive breaks below the 79,000 and 78,000 round-number levels. The short-term trend has fully turned bearish.
Chan Theory shows that the downward stroke from 82,262 had extremely strong momentum (-6,014), wh