A brief analysis of BTC short-term走势 (strategy suggestions) from Dow Theory, Chan Theory, Wave Theory, the relationship between volume and price, order flow, and price action psychology

综合研判
Dow Theory suggests signals that the major trend may be in a turning point, with a high-volume breakout above 64,500 on July 30 as the key turning point.
Chan Theory shows upward stroke strength is moderately bullish (+1,908) while downward stroke strength is extremely weak (-406), with bulls completely dominating.
Wave Theory may be in the 5-wave phase of a new round of upward impulse, and wave 5 has already started (+2,402).
The volume-price relationship shows the positive combination of “breakout with rising volume + consolidation on shrinking volume.”
Order flow shows POC at 63,978, with price trading at a premium, and Delta MA12 has turned positive significantly.
Price action shows a “breakout bullish candle” pattern, with near-term bulls taking control.

Short-term strategy suggestions:

Bullish scenario: If price holds above 64,500 and breaks out above 65,000 with rising volume, you can chase to go long. Targets: 65,500 → 66,000 → 66,500, with a stop loss at 64,000.

Bearish scenario: If the rebound reaches around 65,500-66,000 and a top fractal appears with heavy-volume selling, and 65,500 resistance is confirmed effective, then consider a short position. Targets: 64,500 → 64,000, with a stop loss at 65,800.

Current status: 64,708 is in the 5-wave initiation stage, with near-term bulls dominating. It is suggested to wait for a pullback to 64,000-64,500 to confirm support before adding positions for long, or wait for a break above 65,500 to confirm continuation of wave 5 before chasing.

$BTC ‌#BTC