Recently, BTC has risen to the estimated price range, so the question is whether it will continue to rise in one go or take a break and fall back?
My personal view is a break - a fall back.
Referring to the previous article (Can BTC rise to 100,000?), the wave data of 123 mentioned indicates that the major third wave is complete, and the major fourth wave is about to begin;
Based on the previous retracement of the major second wave, the normal decline is 19,000 points, with an extreme of 25,000 points;
Therefore, the major fourth wave will decline to a normal 104,000 - 19,000 = 85,000, with an extreme of 104,000 - 25,000 = 79,000;
And $BTC the first support price is around 87,000, and the second support price is around 75,000;
Comparing the price support and the estimated price of the major fourth wave decline, we find that they are not far apart, almost the same;
If the market is healthy and normal, then the overall trend should conform to the laws of price fluctuations, commonly known as the 'wave theory'.
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