Bitcoin market analysis
Bitcoin WXY's falling structure, it is not certain whether the X wave rebound has ended. It is necessary to pay attention to the trend of this X wave. It may end at the current position, or it may end after a rebound. From a structural point of view, do not chase the short position, there is still a pullback, and then the Y wave will fall. See the white line for details.
The X wave can be divided into smaller wxy waves. There is still one more pullback to go, as shown in the red line.
Judging from the current structure, no obvious trend structure has been formed, and the probability of shock is greater. It is not recommended to chase the short position.
Community Trading System
The system on the right gives long signals for Bitcoin and Ethereum at the two-hour level, but we still need to observe and analyze the structure comprehensively and not rush into action.
Order Suggestions
The current market is still in a wait-and-see state, waiting for the opportunity. If we are sure that the price can hold up, we can consider making a long order on the rebound, or wait for the rebound to arrange a short order.