$BTC So, as of today with the engulfing candle last night. The peak 1 of $BTC has been confirmed on the 1d chart.

Btc is still in the uptrend frame on M. The adjustment still needs to continue in the short term within a long-term uptrend. The adjustment level has reached the average. At 100,200.

Next, we need to consider the 9x area. The deep adjustment zone.

1. To continue the short-term downtrend adjustment. More time is needed. With a deeper adjustment happening sooner, the altcoins after forming a bottom may have an alt season after btc stabilizes.

2. Rise up to create peak 2. Alt can only swing the peak-bottom and continue to have local swings but no alt season.