The recent market trend for $BTC has been relatively good, so the analysis provided has been somewhat scattered, and updates and predictions are constantly being made. Many timelines may appear chaotic to friends, so here is a summary.
Technical Analysis:
1. Qualitative: Before breaking the previous high and showing a clear upward five-wave impulse, any increase should be assumed as a rebound rather than a reversal;
2. Waves: Currently, Bitcoin has completed three upward segments, the first segment is 74508→86496, the second segment is 86496→83950, and the third segment is from 83950 to now. The third segment's increase is close to a 1:1 ratio with the first segment's increase, and it has reached the lower edge area of the upper M head;
3. Indicators: Within the daily line levels of 12H-1H, the RSI indicator is overbought #加密市场反弹 #Strategy增持比特币