$BTC 8.16 Bitcoin Market Analysis
Bitcoin has fallen for 3 waves and may form a wedge, with a double sawtooth rising structure. After the pullback ends, the second sawtooth rise will start. Therefore, today's strategy is to go long on the pullback.
Consider going long when Bitcoin pulls back to between 57,000 and 55,000. Specifically, you can open a long order at around 57,000 and another long order at 55,100 to gain a double sawtooth rise.
The short orders near 61,000 have been left.
Open a long order at around 57,000 and another long order at 55,100.
