BTC Major Structure Analysis:


From the weekly chart perspective, the head and shoulders top pattern has broken the neckline and moved downward, now the price has rebounded to the neckline area.
Looking at the wave count on the weekly chart, it has now entered the third wave's accelerated decline, and based on historical patterns, it still needs to go through the fourth wave.
Where will the bottom of the fourth wave be? When the time cycle reaches that point, I will use my expertise in naked K-line volume and price, cycle analysis, and the bull and bear characteristics of BTC from 2011 to 2015, combined with detailed insights from dozens of backtests, to clearly explain the bottom features through 【Multi-cycle Resonance】 for everyone.
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BTC-2.85%
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