Bitcoin has been tested repeatedly at the relative bottom, but from the current K-line pattern, the market will hit a new low, which can also be seen as the last bottom of the phased adjustment, so today we first look at the downside and then consider going long on the key support.For Bitcoin operations, it is recommended to buy at 25,300, with a stop loss of 24,700 points, and a target of 27,500~29,000~30,000.
The chart is a daily chart of Bitcoin
Bitcoin's bottoming out is based on the following points
1. The daily closing of Bitcoin broke the volatility range, indicating that there is still a low point in the short term, but the key support is approaching below, and the bulls are likely to start from here.
2. According to the research and judgment of the wave trading system, the current three-wave adjustment of C Wave 2 has occurred, and the current rise of C wave 3 has been postponed.
3. The upper pressure is 27500~29000, and the lower support is 25300~25000.
The chart is a daily chart of Bitcoin
Bitcoin's bottoming out is based on the following points
1. The daily closing of Bitcoin broke the volatility range, indicating that there is still a low point in the short term, but the key support is approaching below, and the bulls are likely to start from here.
2. According to the research and judgment of the wave trading system, the current three-wave adjustment of C Wave 2 has occurred, and the current rise of C wave 3 has been postponed.
3. The upper pressure is 27500~29000, and the lower support is 25300~25000.
