BTC main force rhythm update



After wave a broke below the previous low of 60K, the larger ABCDE correction structure is further confirmed. After a week of decline, the bearish sentiment is released, and there is a need for a bottoming and bullish closing on the daily chart. In the short term, a rebound correction cycle is expected. In terms of trading, focus on small-scale rebound opportunities and seize oversold correction trends. Note that if the price rises sharply next week and then weakens again, it is possible that the E wave decline target will be reached in one step. For quick rebounds, strictly set stop-losses.
BTC-0.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned