Yesterday we mentioned that the position of 108,366 is not a peak, but a consolidation range. Today I can clearly tell everyone that the consolidation has ended, and we will directly head towards new highs. The previously concerning possibility of another retest has been ruled out, and the market situation is very clear.
Starting from $88,909, Bitcoin has formed a complete five-wave upward structure. The first wave was originally expected to end earlier, but due to the strong market, the first wave extended. This strong performance also indicates that after a slight pullback, the third wave will directly challenge new highs.
In summary, buy Bitcoin on a pullback to around 97, and during the waiting period, do not go short. Only take long positions in bullish cycles and short positions in bearish cycles; engaging in both can easily lead to losses.
