It has been three months since Bitcoin was adjusted from 31850 on July 13th, and it is currently hovering around 27000 points.In terms of time, three months is enough for a weekly adjustment; However, structurally speaking, only one daily decline has been completed, and currently in the midst of a daily rebound (it is uncertain whether it will end), structurally it is clearly not enough!Those who have read the previous article should feel that this is a crucial situation! Because on a weekly basis, if the daily rebound cannot exceed 31850, then it is the daily second selling! From a daily perspective, the four hour rebound has completed four segments, up and down
It has been three months since Bitcoin was adjusted from 31850 on July 13th, and it is currently hovering around 27000 points.
In terms of time, three months is enough for a weekly adjustment; However, structurally speaking, only one daily decline has been completed, and currently in the midst of a daily rebound (it is uncertain whether it will end), structurally it is clearly not enough!
Those who have read the previous article should feel that this is a crucial situation! Because on a weekly basis, if the daily rebound cannot exceed 31850, then it is the daily second selling! From a daily perspective, the four hour rebound has completed four segments, up and down. Currently, it is in the fifth segment. If it cannot break through 28600, it will also form a second sell in four hours!
So the four hour trend to be completed this week has three expectations for the future:
1. If we cannot break through 28600, it means that the daily rebound has ended early, and we will start a sharp decline mode next week! The probability of this situation is around 50%.
2. Breaking through 28600, but unable to break through the pressure level of the 30800 strong by the strong Yang, still constitutes a daily double sell, and the weekly decline remains the same, but the sharp decline will be delayed. The probability is around 40%.
3. Strong breakthrough of 30800, failed weekly decline, and will continue to strengthen in the future! The probability is estimated to be only 10%.
As for which path Bitcoin will choose, let's calm down and wait, which is the matter of these four or five days. Do not hesitate to ship if 1 or 2 appears!
Perimeter
Daily line
Four hours
Daily lineFour hours
The above is my personal opinion and is for entertainment only.
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