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6.5 Evening 10:50 PM
Analysis: Bitcoin is consolidating on the 1-hour timeframe. Attempts to form a bottom have failed. Both the larger and smaller timeframes are not only dropping—this sell-off hasn’t finished yet. It still needs another round of downward acceleration, and it will stab downward with a big needle and massive volume. If Bitcoin holds above 62,310 and the next three 15-minute candles can’t go below, then it will turn into a range—everyone can go to sleep.
Altcoin 2: Follow Bitcoin’s lead; the second coin must listen to the first.
Next: Wait for Bitcoin’s 1-minute candle. It should stab downward and then close sharply upward (at least 500~1000 points).
Altcoin 2’s 1-minute candle: It should stab downward and then close sharply upward (at least 30~50 points).
(If this pattern doesn’t play out, this one-way downtrend won’t end—be cautious about going long.)