Speaking from the perspective of the Chande theory, the ideal trend and the general direction of Bitcoin and Ethereum in the future
#BTC #BTC走势分析 Refer to Figure 1, it has actually diverged from the weekly trend, and the next step is at least a monthly level consolidation. Without discussing the magnitude, but in terms of time, it will take at least
Refer to Figure 2, around the time marked in red, it will take about 15 to 20 months, meaning at least 1.5 to 2 years, although it cannot be said that it cannot break through the high point. Even if it breaks through, it is mostly a trap, and the low point can also reach 80,000. Then
Refer to Figure 3, using 1 year of time, it will eventually break through and reach a level that forms a monthly level divergence. The position is around 200,000, which is a psychological point. And at the time, it coincides with the timing of the understanding king's exit. The first round of BTC is completed, and at least a yearly adjustment is needed, which will take at least 5 to 10 years.
Here there are funds from the Asian market, European market, and American market, and both long and short positions can be opened for hedging, along with quantitative trading. To drive such a large market, each breakthrough requires a very long time and energy accumulation. Just look at how long it took to consolidate from the 15,700 price level to understand how long it will take to break through the current high point. It is not simply a rise of 1,000 points that makes it bullish, or a drop of 2,000 points that makes it bearish.
Refer to Figure 4, let's talk about breaking through the central axis first. This time, the new high has just barely broken through a little.
It's not that you can't make money when it rises to the top or falls into a bear market; after all, there are contracts in place, allowing both long and short positions. This round has allowed people to reach financial freedom after the departure of the understanding king.
Goodness, I thought there would be a rebound at the weekly position of 67000, but it directly fell all the way to the 8-day line position, without even hitting the brakes. Fortunately, this time the profits haven't been significantly given back; it's still profitable from the 3-sell position down. Here, I expect it to consolidate for about a month, similar to before, with back-and-forth movements. However, looking at the position formed by the 3-sell, it could potentially drop a bit more, as the 8-day line's drop position isn't that deep yet.
The recent drop on Ethereum was too severe, and the extent of the decline here has lessened. However, it still looks the same. It seems that three central points will form, and Boss Yi probably won't be able to hold on.
As expected, it has fallen without any pause. Next, we will make a small adjustment based on the weekly position, but the trend is not over yet. This decline is expected to reach around 50,000 if a downward trend forms. Just keep an eye on it.
Ethereum is more evident, forming a central point, and the trend doesn't look good~. From a larger perspective, is Ethereum trying to form the third central point before falling again? That would almost mean dropping to the previous low.
The second form after a minor trend divergence, which is a larger level of consolidation. After a rapid drop last night, it quickly rebounded, forming today's third leg. Next, we will see where the 3 sell occurs.
A small rebound after a minor pullback has already formed the second wave. It seems that a yellow three-sell pattern will be established, and the downward trend is not yet over.
The move of the pancake is not very good-looking, and it just happens to reach a major resistance level. The interest rate did not fluctuate, but rather started early in the morning. If it drops too hard, the momentum needed to go up will be very large.
Ethereum is much stronger. A simple small pullback brought it back up. It has reached the 3-hour moving average resistance level, facing another challenge, while also waiting for the results of the interest rate day.
After breaking through the 45-day moving average yesterday, it has been oscillating above the 1-hour moving average. The main reason is that today is the interest rate day, and it is highly likely to remain unchanged. Let's see how the funds move afterwards.
The market for Ethereum is going to be much stronger, not to mention it is at a slightly higher level, and a significant movement came without any pullback or fluctuation, reaching the 1-hour moving average level, with a small pullback to observe the extent.
Normal market fluctuations have reached the 45-minute moving average level, continuing to oscillate, let's see how the trend develops. Below is just waiting for the results, rather than taking action. If the capital is large and the technology is good, one can consider trading in waves; otherwise, just observe the market. The most important aspect of a certain market is to sleep well; small level interventions are too exhausting.
A very standard downward trend, with 2 central points of decline. The last move is a small turn into a larger market, rather than a trend decline formed after three sells, but it was enough time to capture it. Currently, it is a rebound after the trend decline; let's see the strength of the rebound. Personally, I hope this rebound reaches around 100,000, just large enough to touch the trend line on the daily chart, as shown in Figure 2. This way, it will be another consolidation divergence. In fact, if the level is a bit higher, the direction at the higher level can be grasped; it just takes longer.
A very standard downward trend, with 2 central points of decline. The last move is a small turn into a larger market, rather than a trend decline formed after three sells, but it was enough time to capture it. Currently, it is a rebound after the trend decline; let's see the strength of the rebound. Personally, I hope this rebound reaches around 100,000, just large enough to touch the trend line on the daily chart, as shown in Figure 2. This way, it will be another consolidation divergence. In fact, if the level is a bit higher, the direction at the higher level can be grasped; it just takes longer.