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
I. Dow Theory
Primary trend (1-hour timeframe): The primary downtrend since the historical high of 82,814 on May 6 was confirmed to have reversed in mid-August. The price began a strong rebound from the August 14 low of 62,488. After forming a second bottom at 63,979 at 03:00 on August 18, the bulls launched an epic rally. From 63,979, the price surged to the August 28 high of 81,346.95, a new high for the phase, for a cumulative
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