An Analysis of BTC’s Short-Term Trend from the Perspectives of Dow Theory, Chan Theory, Elliott Wave Theory, Volume-Price Relationships, Order Flow, and Price Action
$BTC
#BTC I. Dow Theory
Primary trend (1-hour timeframe): The primary downtrend since the historical high of 82,814 on May 6 is still continuing, but extremely clear signs of stabilization and recovery have recently emerged. The price fell from 82,814 through the secondary high of 73,975 on June 1 and the rebound high of 67,247 on June 15 to the July 1 low of 57,721, a cumulative decline of 25,093. After bottoming on July 1, th