Bitcoin Market
An unreliable guess about the overall structure of Bitcoin is:
The drop from 73777 to 49000 is the big A wave.
Since 49,000 it has been a big B wave.
After the big B wave rebound ends, there will be a rapidly downward C wave.
So what is the situation now?
What we are seeing now is the big B wave rebound. The first wave ⓐ of big B has been completed. What we are seeing now is the ⓑ wave, and the ⓑ wave is in the shape of a complex terminal wedge.
Let's talk about this ending wedge
The ending wedge is composed of 5 small waves. Currently, waves ⒜ and ⒝ have been completed, and the current wave ⒞ is in progress. After wave ⒞ is completed, the upper edge of the triangle can be determined.
⒟The position where the wave falls back is probably the white dotted line below, forming the lower edge of the triangle.
Wave ⒠ is the final upward impulse, which may not touch the upper edge of the triangle and finally complete the rebound of the large B wave.
After wave B ends?
After the end of wave B, the theory is that a stronger decline will form wave C, and its end point is uncertain. It may fall below 49,000, or it may not fall below 49,000. It depends on the macro situation and whether there is a black swan. #BTC走势预测
