Weekly level - Is Bitcoin in the fourth wave? Or is it an extension of the third wave?
Going in the fourth wave:
① The current callback position is near the Fibonacci 0.236 of the third wave. It is stable and moves upward in the large horizontal box. The target of the fifth wave high is likely to be 87,000
② Called back to 0.382, the target of the fifth wave high is likely to be 83,500
③ Called back to 0.5, the target of the fifth wave high is likely to be 76,000
④ Called back to 0.618 or 0.718 is a relatively dangerous deep callback. The subsequent five-wave market is likely to be higher than the high point of the third wave. The approximate target is 66,000, and the probability of turning down increases