After more than a month of long-term sideways fluctuations, BTC finally chose to go downwards. After falling below 28585, it plummeted by more than 3,000 points, reaching as low as 25166, which was close to the previous daily level line correction low of 24800.

This account has mentioned many times in previous articles that 28585 is the last line of defense for bulls, and clearly stated that once it falls below, it will accelerate downward, which has been verified now. If spot traders strictly implement stop-loss strategies, they can avoid being trapped and passive. If you don't strictly stop the loss and get trapped deeply, now is definitely not the time to cut the flesh.

It is well known that the pie will be halved next year. Judging from previous halving cycles, big bull markets often occur after halving. This has become the consensus of everyone in the currency circle. It is already the end of August 2023, and there is less than 9 months until the halving in May next year. A big bull market is often an opportunity for many people to change their lives against the odds. How can we seize the bull market in the future? In fact, it is very simple. As long as we accumulate enough chips before the bull market comes, wait for others to carry the sedan for us and hold on to our chips. When most people in the market are extremely excited, everyone calls Stud. . . The time is to retreat. If nothing else, let’s take the pie and ether as an example. The pie is currently at 26,000 points and ether is at 1,700 points. It is no problem for the bull market to increase by 3 to 5 times.

If there is a chance, I will talk in detail in the live broadcast about how to layout and seize the future bull market, and work with everyone to achieve a class jump!

Back to the current market situation, the pie has fallen, and voices of 22,000, 20,000, and even 15,000 have begun to rise one after another in the market. We should not be swayed by emotions when doing transactions. This is the fundamental reason why small traders chase the rise and kill the fall. From the perspective of the entanglement structure, this is the downward correction of the daily line level, that is, the central shock of the daily line level. When this downward segment of the daily line ends, it will move upward to the daily level. Just wait patiently for the downward segment. There is an internal signal of the end.

Let’s look at the daily chart first. The maximum central range of the daily level is drawn. The three callbacks in this wave directly hit the lowest edge of 24800, which is close to the center. This shows that the power of short sellers is very strong and there is currently no sign of being released. The current downward correction of the daily line has been determined. Since the decline is very strong, the decline will not end until there is no interval structure inside the downward line segment. In terms of time period, it will fluctuate for at least another month. For spot trading, there are only short-term operations at buying and selling points at the 4-hour level or below.

Looking at the 4-hour chart, two sales in 4 hours triggered a violent decline. From the 4-hour level, the heavy volume decline will inevitably form a center below. For long-term traders, wait patiently for the 4-hour center to appear before looking at the market. Short-term Traders operate based on the sub-level 30-minute buying and selling points.

Finally, looking at the 30-minute chart, a new 30-minute center has appeared. The best opportunity for the short and medium term is to fall below the 25166 low again after the shock to form a 30-minute trend divergence. This is the trend with the highest probability in my opinion. There may also be a V reverse trend here that may directly break through 26861 and go up for 30 minutes, but the probability is relatively small.

The above analysis is for reference only and does not constitute any investment advice!