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BTC's current movement is very standard
The first wave trend dropped to 80,000
Then it oscillated within a range on the daily chart for a month
Breaking through the daily range to 98,000
Then quickly turned downward to start the second wave trend decline
Currently, the market is in the second wave trend down to 60,000
Then it oscillated within a range on the daily chart for a month
Breaking through the daily range to 74,000
Then quickly turned downward again
Is it possible that the third wave trend decline is about to begin so soon?
If it really follows this pattern,
The bottom could be even lower
Because, from a timing perspective, the bear market has only lasted 5 months
To complete three wave declines and reach the bottom so quickly
The second half of this year will be endless oscillations
This is clearly unreasonable
Personally, I still lean towards the short-term support at 60,000 being effective
It would be more reasonable to oscillate for another month or two before starting the third wave trend decline