$BTC

BTC latest technical analysis and trading strategy update. The original plan was to go long around 85,000, but the pullback only reached 86,000. After a few days of waiting, I still didn't get the chance to enter, so it seems I need to adjust my approach.

From the 4-hour chart, the market is still moving within an ascending wedge. After the first pullback, a consolidation and correction occurred, and there is a high probability of a rebound next. According to the forecast, this rebound could push towards the 89,000 area. If the market follows a three-wave decline pattern, it should reach the B point for the rebound.

In the short-term strategy, once the rebound is confirmed to start, I prefer to enter short positions around 89,000. The target remains at 85,000, with a stop-loss set around 90,000. This risk-reward ratio is relatively reasonable.