Can't sleep at night, so I'm here to share some valuable insights with everyone! From the daily chart perspective, this round of the bull market has seen the big coin experience three major rallies, and each rally has been characterized by three consecutive daily gains as the main upward wave! (Represented as abc)
The first major rally started from April 10 and ended on April 12, with an increase of over 7000 points.
The second major rally started from April 21 and ended on April 23, with an increase of over 9000 points.
The third major rally started from May 7 and ended on May 9, with an increase of over 8000 points.
Interestingly, if you look closely at the K chart, the starting point of wave A during each rally is almost at the endpoint of the previous rally's wave C.
On the 18th, there was a daily level increase, and interestingly, this increase happened to be at the endpoint of the previous rally's wave C. So we might as well boldly speculate that if this is the starting point of this major rally, then on the 19th, there should also be a daily level wave B rally. However, after the rally on the 19th reached around 10700, it failed and retraced to 102000 before starting to rebound, ultimately closing with a bearish candle. Currently, wave C is still ongoing, and if today's daily close does not manage to break through and push the price above around 108000, it could very well indicate the failure of this round of major rally. Subsequently, after the 21st, a deep correction at the daily level will likely begin.
Everything is just speculation for your reference! Ah Mu is with you all. #Strategy增持比特币 #币安Alpha空投SOON #BTC挑战11万大关 $BTC