Bitcoin Prediction for June 3, 2023

Quote from gate

The monthly structure of Bitcoin is defined as a wave B rebound after the end of the first time bull market

The structure of the 15XXX dollar is defined as the end of the ABC rebound/the three-saw-tooth XX wave. These two different definitions determine whether there will be a new high of more than 31,000 US dollars in the future.

Personally, I am more inclined to end the ABC rebound.

The trend since $31,000 is divided into the end of ABC/guidance wave 4.

Personally, I am more inclined to guide the end of wave 4,

From a structural perspective, the macd daily level continues to deviate.

From the perspective of time, it has rebounded around 50% of the decline.

From the perspective of space, it rebounded more than 23.6% of the decline.

From the perspective of pressure, 28000-45000 belongs to the area where chips are concentrated.

So this is the leading wave plan that I am more inclined to end ABC.

Analysis cannot simply follow what others say, but must have its own way of thinking. It’s not as simple as long and short.

As shown in the picture (4 hours):

Guiding wave 4 should not break through the downtrend line at $28,380.

After the end of the guiding wave 4, the target area below is 24000-24800 without considering acceleration.

The lowest target of guiding wave 4 breaks through $25,811.

As shown in the figure (hour chart):

28447-26505 USD is defined as a clear driving wave structure and tentatively defined as a guiding wave 5/1 The rebound in these two days is a 5-2 wave rebound.

The 52 rebound continues. Wave A is currently considered to be the end of Wave C. It is yet to be determined whether it will end. (Tends to end)

To sum up; shorting and shorting well is to contribute to our career. (Self-configuration of positions, follow-up analysis and learning groups will not make position suggestions)

The VIP level is not enough, so I can’t post the picture later.