Consider Bitcoin 19525 as the starting point of the third wave, and it is currently in the third wave and the fifth main rising wave structure. The ideal high point of the third wave is roughly in the 38,000 area. The lowest target of the third wave should also test the 35,000 area. Before the third wave is completed, even if there is a pullback, it is a sub-wave pullback in the third wave and the fifth wave. It can be completely ignored for trend-following.

Assuming that the 38,000 area is successfully tested and the fourth wave pullback begins, the pullback target is roughly in the 32,000 area. Then the fifth wave is started, and there is a chance to test 50,000+.

For insurance purposes, the 35,000 area can be sold high once. Even if it can reach 38,000, there is a chance to return to 32,000. If the third wave stops at 35,000, then the fourth wave is likely to retreat to 29+.