Quotes from Binance.com
The overall structure has been explained in detail in the previous article.
Small structures have more variables.
In the short term, I personally tend to think that the rebound since 24XXX is over.
1. 295-314XX belongs to the fifth stroke from 24XXX. The 4-hour MACD has a slight divergence.
2 The 295-314XX section has already retraced for 1 day and 7 hours. This is probably not a response to the retracement from 295XX, but an adjustment to the retracement from 24XXX.
3 Bitcoin's trend remains strong, be cautious when trading short
Breaking through 294XX can confirm the end of the rise, and the right side model short will be better.
The range of oscillation can be expanded and another trade can be made. Although it cannot be explained by the wave, it is indeed likely to happen frequently given the nature of trading.
If we hit a new high of 315XX, it is more certain that the upward trend since 24XXX is over.
It can be the top of the Z wave coming up from 15XXX
It can be the top of wave A coming up from 15XXX
He can be 15XXX coming up to the top of Za!
I don't think it's appropriate to view it as an extension of 4-hour wave 5.
The trends are always diverse. I can only list the possible trend types and let everyone buy them.
To summarize: It is unclear where the mid-term market will end, but you should be cautious in chasing long positions and be safe in shorting on the right side.
as follows:
