$BTC in the wave theory, there is no such thing as resistance and support; any resistance and support are merely temporary pullbacks and rebounds formed by retail investors going against the trend, which will not affect the overall trend.
These trades are like occasionally adding a toothpick to a bonfire or spraying a bottle of unknown liquid, whether water or alcohol, towards the fire. In the face of the enormous bonfire, no matter how much capital is involved, it is insignificant compared to the roaring flames, let alone trying to block the spread or extinguish the fire.
I mentioned two weeks ago that Bitcoin has completed the fifth wave of the purple line. If it wants to continue rising, it must undergo a period of adjustment to the fifth wave of the purple line; as long as it doesn’t complete that, any bullish candlestick is merely a dying struggle of retail bulls. Any so-called support is just an attempt to profit from the meager gains brought by going against the trend. #波浪理论