Bitcoin market analysis $BTC
Since Bitcoin fell from 69,000, it is currently in a large-level WXY structure. It is still rebounding in the X wave. The X wave is still missing before it will usher in a large-level Y wave decline.
The X wave is divided into small-level wxy structures. It is currently in the decline of the It is recommended to open both long and short positions or to go short first and then go long. The position should be kept low and then go up to go short.
At today's weekly close, the fluctuations may start to increase. In the morning, long orders should reduce their positions. The small short positions are slightly larger than the long positions; the bias will go down first, and the lower support is around 23300.
Billing suggestions
Bitcoin can be shorted in batches near 26100 to prevent direct decline. If you go down first, close short or add long positions near 25300. If it goes up first, close the long position or add a short position near 26800. There are currently no new signal triggers at the two-hour level, so we are waiting.
The rhythm of other currencies is different from that of Bitcoin and Ether $ETH . It is recommended to do one-way trading and reduce the leverage position. Short selling currently only considers Bitcoin and Ethereum.
