#BTC走势分析

Today, based on the reference chart below, we analyze the future trend of Bitcoin.

First, looking at the green line in Chart 1, the trend remains bullish. On the daily chart, it was mentioned last week that a pullback followed by a new high would be the best structure.

Yesterday morning, before the pullback, it had already broken the historical high and rose to over 124,000, then began to pull back to the lowest point of over 117,000 last night, creating a lower low. The pullback touched around 117,600, which means that the rise from 111,800 to the highest point of over 124,000 may have already ended. The rebound is likely to lean towards shorting to the previous bottom of the decline, which suggests that the daily chart may form a second central zone, testing the lower range around 113,000-111,500. This will involve a five-wave downward adjustment that could take about two weeks.

Charts 2 and 3 show the details of the sub-level point positions for strategic plays. The previous entry at 118,100 has already reached the target of 121,500. After the bottom position was swept away last night, I opened a long position again around 118,300. Currently, a breakeven stop-loss has been set, but this time the maximum I expect to see is around 121,000-122,000 to reduce positions and keep a core position. Once here, I will choose to set up a short position, with stop-loss at the previous high. If the previous high breaks, the long position has already gained 4,000 points, and there is still a core position, just missing 1,500 points but still a profit. If the rebound does not break the historical high, I will continue to target 117,000 as the first target, and the second target will be to see if a lower low than last night can be created, first looking at around 115,700-116,300. Here I will open another long position with a stop-loss at 115,000, and the target is only to see 119,500-120,000.

Once it breaks below 116,000, it has already entered a daily-level pullback, so it's best to pull back to the lower central zone around 111,500-113,000 to try entering again, with a stop-loss at 110,500. If it touches 110,500, it can confirm a stage top. The rebound will be for long-term short positions. If it doesn't touch that, it will be another opportunity to enter for a new high: $BTC