Bitcoin $BTC came out of the decline yesterday, and this downward trend is basically coming to an end. If the decline from 31,850 forms a double sawtooth structure, then the Y wave decline may have ended. But judging from the chart, the level of this amount is relatively small, so there are two possibilities.
One possibility is that after completing the first and second zigzag structures along the white route, the overall Y wave ends and enters a new rising cycle; the other possibility is that the shock level expands along the yellow route, forming a medium After the structure, an overall vibration is completed.
No matter what the situation is, the common point is that the downward stroke is about to be completed, and there will be an upward upward structure. The current suggestion is not to chase short positions, but to place long orders in batches.
In addition, for community trading systems, you need to pay attention to the settings of leverage and positions. It is recommended to maintain low leverage and fixed positions. It is recommended to set up stop loss in batches. The specific position can be set according to personal circumstances and positions.
Go long near 25000, stop loss in batches, stop loss 30% at 24490, stop loss 20% at 24300, and place the remaining stop loss around 23900.
