Here, let me update my view on the Wyckoff bull market relay model on my homepage. First of all, our original plan was to short at 67800. See the black broken line trend in Figure 1, because this is the daily Fibonacci retracement rebound level of 0.618. It usually grinds for a few days in the form of a false breakthrough and then falls. Refer to the market in May 21. There is also a resistance gap for futures to fall, so the bearish logic of this transaction is like this. The stop loss is very small, and the gap resistance usually does not exceed the gap dotted line. So the short stop loss near 67800 is here at 68600. The stop loss is quite small, at least you can get 61000, and you can only wait and see.

The second transaction plan B is the trend of the green words and green broken lines in Figure 1. According to the structure, 57k can be regarded as a false breakthrough, so the accumulation area is 60k-61k. If we follow plan B, we short at 71000, and there is still a chance to go to around 61000, and then it will break upward. The time node for the upward breakthrough may be in August and September. After all, May is crying, June is poor, and July is desperate. September is golden and October is silver. The currency circle has this rule. Now the actual time cycle of the currency circle can be longer. It is obviously not as fast as before. More time is in wide fluctuations, which is quite annoying.

To summarize briefly, we still have 3 trading opportunities in the near future in the big structure

①. Short near 67800, stop loss 68600, this is the original plan

②. Short at 71000, stop loss at 72200, this is the new view plan B tonight

③ Long at 61000, directly get the Fibonacci retracement of 1.912, which is 89k, 89,000, this is a hard-core bull market idea, the condition may be that the Fed confirms the interest rate cut, and then a strong pull, estimated in September

Pulled to around 89000, and then fluctuated and fell all the way, and then fell to the cost range of the main PSY, about 52000 or 42000-39000. This is very far away, estimated to be early February or March next year, and then Bitcoin will start a big bull market of more than 100,000 dollars. The real copycat season may not come until after mid-2025.

These views are not my unilateral YY, but a replica of the Wyckoff bull market distribution model by feeling the stones while crossing the river, but these two views have something in common, that is, the big bull market is not starting now, so it is still not recommended to chase high now, of course, the spot party does not care.Just take the low-priced chips