BTC is experiencing high-level fluctuations, and the trend is not very optimistic. Last night, Hunter had already given everyone a warning! The fifth wave of BTC90 is highly likely to reach around 84,000! Currently, this view remains unchanged!
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BTC suddenly plummeted in the evening, breaking through 90,000 and diving to 85,496, with a fluctuation of 4,000 points. If you chased after the rise, you would likely be trapped! The market indeed moves very quickly; the market makers always catch you off guard with their unexpected moves, playing both long and short positions! Therefore, when trading contracts, it is crucial to set stop-losses; otherwise, going to zero is just a matter of time! Alright, back to the main topic, let's look at the structure. From a technical perspective, this drop is the fifth wave down in a 90-minute chart, which is considered a small level, but the release of bearish strength in any level's fifth wave should not be underestimated! Therefore, a 30-minute and 15-minute resonance drop will occur, and the hunter also reminds the partners internally! So, has this pullback ended? I don't think so. The hunter can provide everyone with a key support level, around 84,000. If it doesn't reach this position, the hunter believes that going long is quite risky! Alright, the above is the 90-minute chart of the fifth wave analysis method!
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