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BTC Figure 1 shows the expected price trend given in the July 5 video, and Figure 2 shows the current trend. The structure is basically the same, except that the actual peak is slightly lower than the expected peak by more than 1%.
Is there still another leg of upside afterward? Or is 57,800–65,600 just a rebound within the downswing, and the interim low hasn’t formed yet? Focus on this:
The green Gann angle line 3/1 (62,400)—its gain or loss directly determines the nature of the rally that started from 57,800. Therefore, how the daily candles over the next few days and this week’s weekly candle close is very important.
If the daily body closes below 62,400 and then it still can’t manage to stand above it afterward, then the illustrated 57,800–65,600 may be the entirety of the rebound. This rebound would be a rebound within a downtrend, and under this path, 57,800 cannot form a stage low.
Until the above situation occurs, the decline starting from 65,600 will temporarily be treated as a pullback.
On Sunday, there will be a video episode that thoroughly breaks down BTC’s large-cycle and smaller-timeframe structure from its inception to today—everyone can stay tuned. #btc $BTC