$BTC 7.5 Bitcoin market analysis
Yesterday's price reached $56,750, and the current decline has not yet been completed. According to the principle that the Y wave needs to be greater than or equal to the X wave, it is expected to fall below $56,500.
Two trend structures may be formed at a small level:
1. Form a flag structure, break the previous low but not fall sharply, and the target is around $55,000.
2. Form an ABC wave structure, which may fall to around $53,000.
The current Bitcoin market is in the Y wave of the WXY structure, and it is expected to end the consolidation between $55,000 and $53,000. It is recommended to continue to wait and see and wait for a clearer low point to appear before making a decision. Avoid going long with a full position at a position where the low point has not yet been confirmed, and remain cautious.
#开单建议 Wait until it falls to the 55,000-53000 range before arranging a long order.
