$BTC
The overall trend of BTC is still adjusting, with slightly different movements.
From a 4-hour perspective, the wave pattern has ended, and it is currently near the upper boundary; there is no need for further analysis. From a daily perspective, it was previously in the c wave pattern, but due to the hard pull last night, the c wave pattern has been disrupted. Now, it is expected to pull back near 98, 99, but the spike also touched the top of 100,000.
At this stage, we are still in the adjustment of the three waves, but the c in the initial abc has already turned into an a wave (starting from 108,000) or b turning into c (100,800 as b or slightly higher). I’m outside without my computer, just managing with my phone, mainly to see if we can stabilize around the 100,000 mark. 99,900 shorts are not a problem, but it is important to set the stop loss properly.
In Figure 1, the 4-hour chart touched the upper boundary, while Figure 2's daily chart is still near the upper and middle boundaries. Overall, trading needs to constantly grasp its trend. The larger trend remains unchanged, but there are significant fluctuations in between. The initial target is 108, expected at 8.5, so regardless of whether the rebound is at 107 or even 8.4, it conforms to its pattern, so try to open near the target.