#BTC

Looking at the 4-hour trend of BTC, the price has broken through the upper boundary of the wedge shape on May 15, and has been confirmed by stepping back. From the perspective of continuity, the process of rising slowly at first and then accelerating has strong continuity; on the contrary, it accelerates first. The post-shock process often has poor continuity. Obviously, BTC currently falls into the latter category

The pattern of three yin swallowing one yang is definitely not strong, so it is only a matter of time before it continues to retrace downwards to find support. A small retracement indicates a strong level; a large retracement means a greater probability of mid-term shocks.

Here is a reference range, which is around the early shock low of 26,700. 618 and the lower boundary of the wedge form a resonance support of 26500.

Then the operation is very simple. It is recommended to enter the market with long orders near 26750~26500, and the target is 27500~27700#ETH .