The volatility of BTC is very small on weekends, so we should wait patiently for the market to emerge, just like the 65,000 pie we arranged on the 14th. If we continue to hold it, there is still a profit of nearly 1,700 points of space.
We should also pay attention to the trend after the halving. There was a 30% retracement after the halving in 2016, and a 20% retracement after the halving in 2020. The mining cost increased after the halving, and miners will selectively sell.
At present, whether it is from the hourly level or the fifteen-minute level, it has reached the end of the fifth wave of the wave theory. Often, the fifth wave may be followed by a reversal or rebound, so there is a very small probability of the seventh wave. The daily line is obviously not strong enough, and the rebound is not strong. The highest on the weekend is 66,770 and the lowest is 65,857. What needs to be determined is whether the rebound will become weaker and weaker.
So we can wait patiently for the entry position. The recent weekend market volatility is very small. It is not recommended to operate short orders. We continue to wait for the 64,500-65,000 mark mentioned earlier to absorb low.
