This article can serve as the third continuation of the previous two articles from September 2024 (Can BTC rise to 100,000?) and December 2024 (Will BTC drop to 75,000?).
This article will focus on technical analysis; friends who don't like technical analysis can skip it.
Continuing from the previous articles, under the condition of complying with the 'Wave Theory', the current decline belongs to the big fourth wave. After the big fourth wave ends, there will inevitably be a big fifth wave.
The difference of the big fifth wave (highest price - lowest price) ≈ the difference of the big third wave (highest price - lowest price)
Based on previous data, the difference for the big third wave is a normal 55,000, with an extreme of 60,000;
Based on the data obtained from the current market, this decline's big fourth wave low is 74,500, with an extreme low of 73,000 (to be confirmed);
According to the formula, the highest price of the big fifth wave ≈ lowest price + difference
Calculate
The highest price of the big fifth wave ≈ 129,500~134,500 and ≈ 128,000~133,000 (to be confirmed)
From this, we can derive data; if the upcoming decline stabilizes around 73,000~75,000, then if the big fifth wave truly exists, its highest price would be around 130,000.
😀😀😀😀I am the lovely dividing line😀😀😀😀
Using dialectics, the above is based on the premise of the existence of the big fifth wave, so what if the big fifth wave does not exist?
If the big fifth wave does not exist, there will be two scenarios:
One scenario is that it stabilizes around 73,000~75,000, and the big fifth wave does not effectively break through 110,000, thus forming an M-top;
Another scenario is that it falls below 730,000, dropping back to the big second wave's retracement zone, then the previous upward trend cycle will end, and the market will start a new round of upward movement in a larger cycle, making it very difficult to effectively break through 110,000 again.
Based on the current data obtained, predict the next three situations, so now just quietly observe, wait for stabilization, and implement your established strategy.
Regardless of whether the big third wave exists, their common point is that there will be another push to a new high~
So~~~~ um hmm?
