Bitcoin $BTC
Bitcoin has completed the structure from 24,700 to 31,900, and is now moving towards the next one. Open short orders in batches around 30,600 to bet on it completing the downward move.
However, does this downward retracement mean that the entire upward structure starting from 15,000 has ended? If so, then we can expect a sharp drop of at least $10,000. However, from the perspective of structure and amplitude, there may be another situation: this is just the end of the big A wave, and there will be a big B wave pullback, and then a big C wave rise, which is the end of the entire upward structure.
Ethereum $ETH
Ethereum has the same structure as Bitcoin, but it has not met two conditions: reaching a new high and reaching the upper track of the channel. This means that it may still go up.
BCH Market Analysis $BCH
BCH is currently in a consolidation structure. It can end here and go up directly, or it can go down to around 200 and then go up. We tried a long order yesterday, but it did not form an upward structure, so we have to find an opportunity to sell it today. If it goes down to around 200, we can do a long order again and bet it will go up to around 400.
Bitcoin: Place short orders from 30,200 to 30,700, with a stop loss at 31,000.
Ethereum: Short in batches around 1940, stop loss at 1980.
