Today’s Market - The 80k as Promised

If you've been watching my daily market updates over the past few weeks, you would notice that over the last month, this wave has been following a perfect symmetry...
Last Monday, I made a wish, and a 7% move was achieved, reaching the target zone of 80k (also hitting the whale’s target).
Finally, in the early hours of today, this wave completed the symmetry.. (Figure 1)
At the same time, 80600 is also nearly the previous low from November (yellow line)
It is also the 80k range I’ve been waiting in for over ten days..
The total delta is also similar to previous waves, reaching 1.5B, after which the bullish energy is exhausted.. (Figure 2)
Figure 3, guided by the whale chart, the 80k whale has been watching for half a month. Today, after pushing past 80k, the target was met...
In the past two months, the whale chart guidance can continue to be seen in Figure 3. I won’t elaborate on each wave here..
If this wave aligns correctly, in the short term, expect a 3% and 6% pullback (Figure 1). The 3% retracement overlaps with the 78k POC. The 6% would bring us to around 75k~76k.. If 75k doesn’t break, the overall trend remains intact..
My personal bias is that, according to the whale guidance, this wave might ultimately test around 73-74k.. (Red circle in Figure 3)
Next, let’s look at on-chain data..
After over ten days of suppression, both the short-term holding cost line and the true average price on the chain have reached around 78k. After being tightly controlled for two weeks at this level, a breakout has finally been achieved..
Whether we can call for a bull run depends on whether we can break through and stabilize this week.
On-chain costs should be viewed from a longer cycle. So, the key is whether we can hold steady this week..
Currently, both the blue line and the red line are at 78k.. corresponding to the 3% above..
The next article will continue to analyze micro data..