#加密市场回调
$BTC Review Summary
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The 4-hour decline has resisted 5 structures, confirming that this position will undergo a zigzag adjustment. There are three possible scenarios for the zigzag: breaking the low of wave a, and the low point of wave a horizontally, without breaking the low of wave a. The most important thing to note here is if the low of wave a at 100300 is broken, then the decline of wave c will officially begin, and its intensity will definitely not be inferior to this. Additionally, if wave a is broken, wave c will go to the 1.618 of wave a, which is the overall reference position. Currently, the 4-hour MACD has already crossed below the 0-axis and will hover around the 0-axis for a pullback. If a death cross appears later, it will also mark the beginning of the next round of decline 🔛
Currently, the 4-day and weekly charts are at a resonance point, indicating that a c-wave decline is needed. So, the question arises, will it break? If it breaks, how strong will the momentum be?
Today's decline has almost engulfed the entire increase of wave B, showing that the intensity is not small. Therefore, focus on the rebound in the range of 106500-107800; if this position is not broken, do not go long decisively.
Currently, a small-scale rebound is in progress, followed by a sideways move to form a structure.
Short-term trading strategy: Remember not to chase the rise. Try short positions near the high pressure levels and set stop losses.
Do not have a pattern for low-end long positions!
Overall direction: bearish, risks still exist.
If the rebound does not break the 106500-107800 range, the next decline target is at least 97000-98000!
The weekend will mainly be sideways! There’s not much to trade.
LTC, SOL, LINK, and XRP are all bearish. LTC is exhibiting a diffusion pattern; if the technology is not in place, try to avoid it.
$ETH is the domain of retail investors, clearly weaker than the overall market, encountering a storm of hits, fleeing in all directions, even the rebounds are shrinking! Unlike Bitcoin, which has a clear rhythm in its rises and falls!
Important resistance at 2650 and 2580-2610.
If you don’t know how to find rebound resistance, just use Fibonacci retracement!
Additionally, for shorting at resistance levels, combine with volume reduction, MACD momentum exhaustion, and 2B patterns.
