Daily Analysis of the Cryptocurrency Market (4.3)
Summary:
$BTC shorted from 69200 at the highest point, can continue to hold positions to gamble around 64000. Currently waiting for the small fifth wave to drop out, observing whether it can break through the descending wedge structure to form a daily double bottom. Therefore, the viewpoint remains unchanged; the 63800-62600 range is the termination zone of the fifth wave and also the starting area. The rebound target is above 70000, and the intraday small-level pressure is still 68000 and 69300. When it comes, it’s a mindless short. Only a break above 72000 can end the drop to 76000. Support is at 66000-65400 for trial and error. If it breaks below 64800, it’s time to go. If it breaks below 64800, the termination range of the fifth wave will be approaching. There’s not much to talk about in the market, and the operations are quite simple. The analysis revolves around these few points; updates will come after the market moves out. Extremely boring.

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