Since this leg of BTC rallied from around 64,500 up to the high near 87,300, there have been two pullback waves. The first pullback reversed from around 81,500 to stop dipping near 76,100, retracing nearly 5,400 points. The second pullback surged to around 82,200 and then pulled back to stop dipping near 74,900, retracing about 7,300 points. As for this rebound, its peak is near 87,300; if we calculate using the same retracement amounts, the downside stop-dip reference would be around 81,900 and then around 80,000.
In the past few days, the lowest point of the retracement has been around 82,500, and the market seems a bit unwilling to keep going down. On the daily K-line indicators, there is still a pullback requirement, but price keeps failing to drop for long. So the overall approach remains: stay primarily bullish on dips. The long-side structure has not been broken yet. It’s consolidating in a high range—riding sideways instead of dropping—building momentum and getting ready to move!#股票财报季 $BTC
In the past few days, the lowest point of the retracement has been around 82,500, and the market seems a bit unwilling to keep going down. On the daily K-line indicators, there is still a pullback requirement, but price keeps failing to drop for long. So the overall approach remains: stay primarily bullish on dips. The long-side structure has not been broken yet. It’s consolidating in a high range—riding sideways instead of dropping—building momentum and getting ready to move!#股票财报季 $BTC
