Weekly & Daily Analysis: Looking at the Weekly and Daily timeframes, you can see that the market has reached a Weekly FVG (Fair Value Gap). Additionally, it is evident that the price has reached the 50% level of the Daily RB (Reclaim Block).
1H Analysis: On the 1H timeframe, the market has provided an MSS (Market Structure Shift) and reached the QM Level (Quasimodo Level). It is currently showing a Sell Momentum.
Trade Opportunity: There is a chance to catch a good Sell Trade based on the Lower Time Frame confirmations forming here.
A Double Three Combination consists of two simple corrective patterns separated by a single corrective pattern moving in the opposite direction—this connecting wave is labeled as Wave X.
The possible combinations of simple corrective patterns within a Double Three include:
Single Zigzag + Flat
Flat + Single Zigzag
Flat + Flat
Single Zigzag + Triangle
Flat + Triangle
The Wave X in a combination always appears in the form of a Zigzag or a Flat.
Wave X must retrace at least 90% of Wave W.
In a Double Three combination, only one of the waves (W or Y) can appear as a single Zigzag.
Where the Combination Can Appear
Within Wave B of a single Zigzag.
Within Wave X of a multiple Zigzag.
Within Wave A of a Flat.
Within Wave 2 or Wave 4 of an Impulse.
Specific Rules
If a Triangle appears at the Y position of the combination, the first subwave (a) of that Triangle is prohibited from moving beyond the price level where Wave X started.
It is suitable as a "thermometer" for auxiliary judgment, rather than a single basis for decision-making. It reveals the short-term sentiment of funds in the United States, a globally important compliance market, but the cryptocurrency market is global and needs to be combined with fund flows, on-chain data, and macro liquidity conditions in other regions such as Asia and Europe for comprehensive judgment. A true trend reversal requires seeing premiums consistently stable in the positive range, accompanied by a significant increase in trading volume and fund inflows. #X移除加密禁令
True seasoned practitioners will pay more attention to structural trends rather than short-term events. For example, the entry of traditional world funds brought by Bitcoin ETFs, how the continuously developing layer two technologies enhance network utility, and the gradual clarity of the global regulatory framework are the fundamental drivers of Bitcoin's long-term value. Short-term price pullback events are merely a normal manifestation of the market returning to rationality after the noise. #BTC走势分析
Why this setup? 4H setup is LIVE. RSI on lower timeframes is oversold (15m RSI: 38.36), signaling a potential bounce within the daily range. Entry zone is active now between 0.030812 and 0.031448.
Debate: Is this the dip buy before the range breakout, or just more chop?
The high volatility of the cryptocurrency market amplifies the impact of sentiment factors, but rational investors should avoid solely relying on sentiment indicators for decision-making. The truly effective strategy is to combine on-chain data, macro trends, and technical analysis, maintaining contrarian thinking during extreme market sentiment, while having the courage to act when confirming a trend reversal. History does not repeat itself but it does rhyme#BTC走势分析
Tom Lee's role is dual: he is both a market strategist who analyzes the market from both technical and fundamental perspectives, and an important market participant whose statements are closely linked to the investment actions of his funds. His 'bottoming theory' is both a professional judgment of the current market and a strategic voice to protect his own substantial investment interests. Investors, when considering his views, need to understand the capital stance and long-term narrative behind his statements. #BTC何时反弹?
Login to explore more contents
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.