#BTC走势分析
What do you think about the big pancake (BTC)? My view remains the same. The long (bullish) structure hasn’t gone bad; I’m firmly bullish.
Next, there will be two possible scenarios. The dealer/market-maker has already completed the first step of distribution: they broke through the 82,800 support level, causing retail investors’ emotions to panic, and then they pulled up sharply. Move up to 87,000–89,000, or even 90,000.
Second scenario: price drops to 82,800 and gets supported. The bull market will slowly begin. From the 4-hour structure, it has already started a pullback in wave 2. Then it follows with wave 3! So will wave 3 be able to keep pushing higher? After yesterday’s big drop in BTC, many people are still too afraid to chase.
But going short won’t be done at this position either. I don’t suggest entering to build short positions while it’s consolidating here. Instead, the bullish movement is much stronger than short opportunities.
What do you think about the big pancake (BTC)? My view remains the same. The long (bullish) structure hasn’t gone bad; I’m firmly bullish.
Next, there will be two possible scenarios. The dealer/market-maker has already completed the first step of distribution: they broke through the 82,800 support level, causing retail investors’ emotions to panic, and then they pulled up sharply. Move up to 87,000–89,000, or even 90,000.
Second scenario: price drops to 82,800 and gets supported. The bull market will slowly begin. From the 4-hour structure, it has already started a pullback in wave 2. Then it follows with wave 3! So will wave 3 be able to keep pushing higher? After yesterday’s big drop in BTC, many people are still too afraid to chase.
But going short won’t be done at this position either. I don’t suggest entering to build short positions while it’s consolidating here. Instead, the bullish movement is much stronger than short opportunities.