Yesterday at 10:30 PM, Jiang Sheng released a strategy, targeting big coin at 96800 and 3428 as the first goal, with the second goal drawn at 98200 and 3538.
As stated, after the release, the first goal was quickly validated, and the second goal was confirmed today at 2 PM! At that time, the second coin's idea of a fluctuating line structure was validated, and the big coin was also in the process of forming a range between 95500 and 98500!
Two important time points and turning points: the first was between 8 PM and 9 PM last night, where a golden cross was formed after an hour-level spike, followed by a four-consecutive bullish arrangement, with the trading volume steadily maintaining. The filling of the gap indicated that subsequent short positions would be liquidated! And the market indeed moved this way; Bitcoin rebounded for the first time at 5 AM and again at 11 AM. During this process, it was evident that the small-level indicators showed a divergence, and at noon sharp, a final exit opportunity for the bears was provided.
During this process, the second coin experienced excessive liquidation, and the rebound was understandably fierce. However, from 8 AM on the 20th to 1 PM on the 21st, the buying volume gradually shrank because the big coin momentum was here, and the main force chose to wait and see more. The two cross lines at 7 AM and 10 AM illustrate the situation. The final movement was an initial rise followed by a dip; the second coin first reached 3350, triggering Jiang Sheng's target and then dipped to 3361, nearing the second retracement provided. The market moved rapidly, completing three days of movement in one day, and the future market is even less clear with more uncertainty.
Currently, there are two scenarios for the second coin: the first is oscillating in the range of 3350 and 3480 to build a base in preparation for a subsequent surge; the second is under pressure around 3430, continuing to retrace to 3280. Both possibilities should be considered.
Similarly, for the big coin, pay attention to the range of 98200 and 95200, which may oscillate and gather strength in preparation for breaking 100000, but could also be blocked around 98500, dropping to 94400!
The current trend is unclear, and it is advised to wait and see.
The targets of 96800 and 98200 provided yesterday have both been triggered. The targets of 3450 and 3530 for the second coin have also been triggered. My drawn lines find key points, tested by the market for half a year.
