The overall structure of Bitcoin shows a WXY structure. It is still in the process of rebounding in the X wave. The rebound height of the X wave is around 40,000. $BTC
We have given two short-term routes before, one is the white route, which has reached the bottom at 24,800 and will rise directly to about 40,000; the other is the yellow route, which is currently only continuing its decline and needs to fall further to break 24,800. , and then rises to around 40,000. No matter which route, the mid-line target is around 40,000.
At present, we prefer the white line to rise directly. If it falls below around 26,300, this plan will be rejected. We use small stop loss to place long-term long orders. As long as it does not fall below 26300 points, we will continue to go long.
