#BTC 1H structure:
The structure of the market trend is the same as my previous expectation. It still has not effectively broken through the price of 2.8W. It is currently on the way to the third 1H decline.
Whether this will form a new low is more intriguing. The main reason is that the strength of the second stroke is still good and not too weak. So relatively speaking, if it is transmitted to the third stroke, the downward strength will be smaller. Therefore, the probability of falling below the previous low is smaller.
But at present this is just the first one, so the strength is still relatively strong, and the support is reached in the short term, so you still need to observe a lot.
The structure of the market trend is the same as my previous expectation. It still has not effectively broken through the price of 2.8W. It is currently on the way to the third 1H decline.
Whether this will form a new low is more intriguing. The main reason is that the strength of the second stroke is still good and not too weak. So relatively speaking, if it is transmitted to the third stroke, the downward strength will be smaller. Therefore, the probability of falling below the previous low is smaller.
But at present this is just the first one, so the strength is still relatively strong, and the support is reached in the short term, so you still need to observe a lot.
