From the current point of view, the first round of downward adjustment of Bitcoin may have come to an end, because from the perspective of the K-line, it has already entered the previous shock range, where the bulls are counterattacking, and we will continue to observe whether it is a rebound or a reversal.
Bitcoin operation recommends buying at 26600, risk control at 26000, and target at 28700~29800.
(The chart is the Bitcoin daily chart)
Bitcoin bullishness is based on the following:
1. After Bitcoin fell into the range, there was a downward resistance, so there is an opportunity for bulls to rise here.
2. According to the research and judgment of the wave trading system, the current rise of C1 has ended, and it is currently in the fall of C2, and the first wave of decline has come to an end.
3. The upper pressure is far from 28700~29800, and the lower support is closer to 26600~25300.