$BTC

What I said before about 97000-97500, don't look for short positions anymore. Last night's big bearish candle dropped to around 92800. Logically, this bearish candle should continue to decline, and it would be normal for it to retrace today during the day as well. However, just past six, the volume increased and broke through the previous high of 95800 for Bitcoin. Once this high is broken, all wave patterns in the first chart are invalidated, and the expected ABC wave down does not appear; instead, a new high has formed. Therefore, wave theory is no longer applicable on the four-hour chart. We should simply understand it as a wedge continuation pattern that has been broken, continuing the bullish trend. So we remain bullish. The current four-hour chart is just a continuation pattern after a rise, followed by an adjustment and then another rise, with no waves to speak of, therefore there's no need to look for short positions on the left side at high points.

The daily chart for Bitcoin has made a new high, which means the fourth wave has completed, and the fifth wave has started. The live broadcast mentioned that the second wave retracement would be small, while the fourth wave might be larger. If the fourth wave is also small, the rise in the fifth wave will not be small and is likely to be a one-sided and fully bullish move.

In terms of operation: Do not place short positions at 97000-97500 anymore. Last night it should have increased in volume and directly declined, but it was still supported and just broke the new high. So this time, the bulls have won again.

If the closing line at eight o'clock is above 96000, enter a long position for the head position, and add positions at 94800-94500, with a stop loss at 92800 and a take profit at 100000-102000.

If the closing at eight o'clock is not above 96000, do not enter the head position. Wait for a retracement to 95000-94800 and then directly enter long, with a stop loss at 92800 and a take profit at 100000-102000.