Has this drop officially started the falling C wave?
It is the third trading day of this week. Yesterday, the update of macroeconomic data deepened the risk market's concerns about the interest rate cut and economic recession in 2025.
The decline of#USstocks directly smoothed out the gains on Monday. The#Ctyptomarket fell sharply, and BTC directly fell below the dense support area and returned to the daily line.
At present, the rise on Monday and the fall yesterday are somewhat like the falling C trend.
The first wave is the previous high of 108,353, and the initial decline led the market to be bearish.
The second wave rebounded but was unable to break through the previous high.
The third wave fell sharply in the short term, causing market panic and concentrated selling pressure.
The fourth wave rebounded slightly, and the correction after the short-term sharp decline.
The fifth wave fell for the last time, completing the C wave trend, and then fluctuated and stabilized, and a new main rising wave was started after a period of sedimentation.
My point of view is to first assume and then gradually falsify. If the falling C wave is really started, it means that it is currently in the second wave stage-rebounding but not breaking the previous high.
However, this trend is only speculation at present, and it is not the main argument for bearishness. At the same time, although the short-term price has fallen below the middle track of the daily line, it still depends on whether there will be a rebound and stand on the upper track of the daily line.
The current assessment of the market depends on the trading sentiment in the US area tonight. #市场调整策略 #BNB纳入不丹GMC加密战略储备 #晒交易赢奖励 #DeFAI热点