When checking the Hang Seng Index HSI monthly chart, you can see the HSI has finished the wave 1 to 5 and starts to go from wave A - C. HSI is now testing the strong resistance at aound 29,000 to 29,100. If this resistance cannot be breakthrough, it is likely that HSI will start to go in wave C. According to the Fib, the first target will be 22843 which is 0.5...
After Bitcoin break through the disjoint triangle. It will test the support line $4810. If it can successfully break through this line, it will directly go down to $4000
Bitcoin is moving in a price range between 4350 and 3200. There is a resistance level at 3950. If the price can break through this resistance level, it will probably go up to next level 4,070 which is 0.618 of Fib retracement. On the contrary, if the breakthrough is not successful, it can retrace back to B $3794 which is 0.382 of Fib retracement.
Bitcoin will bounce back to $5700 and drop back to 3200. I will long bitcoin in a short term until reach the suppression level of $5700 and short it then.
