#BTC Market Analysis: Considering that the BTC daily RSI indicator entered oversold before and then went out of an upward trend, and the support of US$25,200 is very critical, bulls will not give up the support of US$25,200 easily in the short term. We expect that the daily line of BTC will still fluctuate in the range of 25,200-28,000 US dollars for a long period of time, and in the wave theory, wave B (current stage) often goes very messy and complicated, especially when wave A falls very fast. At this time, the complexity of wave B will increase and the adjustment time will be longer. But the result remains unchanged, that is, after the adjustment of wave B, the view that the market outlook will fall below US$25,200 and exit wave C to US$22,000 and US$20,000 remains unchanged.
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