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The views below are for reference only; the market carries risk, and investments require caution.
12:50
Yesterday, the market, boosted by the news of the digital bill clearing ethical clause obstacles and soon entering a vote, turned positive, enabling an upside breakout. After reaching as high as 66,928, liquidation of short positions triggered a rebound and the market began to fall into consolidation. Currently, it is consolidating above 66K. No matter what good news the market is stimulated by, it is fundamentally not the start of a bull market—thoroughly changing the structure of the bear market. The nature of the trend remains to lure buyers; market sentiment and the current levels are exactly the same as in the past when the market was above 95K and 80K. After these two days of choppy upward surges, the retail traders’ emotions have been stirred up again at the top—this is also the result the main force wants most. Whether the bear market has truly bottomed out and entered a bull market—anything can be used to trick you, but only money flow can’t deceive. Large capital is still continuously withdrawing from the market, and long-term held coin positions are loosening and exiting. Everything points to the bear market not being over. The wave structure also indicates an earlier end to the current move. Whether it’s good news or bad, it can only accelerate or delay the pace of the trend; it absolutely cannot change the direction.
For the next phase, on the downside, focus on 66K, 65,640, and 65,090 as long-support levels—these will determine the pace of the drop. If the bill’s positive momentum continues and results are awaited, the market may keep oscillating upward toward resistance levels 67,265 and 68,100. No matter how high it spikes, it will ultimately be another lure for buyers. At the same time, pay close attention to the oil price; whether it rises or falls will determine subsequent interest-rate-hike expectations.

Market structure: C4-1
Market trend: Lure-buy trend
Trading strategy: Prefer going short on spikes upward
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WavesLegend
· 07-22 05:03
Crude oil keeps rising; talks between the US and Iran have failed; after expectations of further interest rate hikes strengthen, a sudden crash could happen at any time.
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霸都010
· 07-22 04:55
坚定HODL💎
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