According to Liu Da's "Wave Theory Learning" analysis #波浪理论

October 31, 2024

The daily chart still has 2 possibilities

(1) Starting from 49000 as b wave rebound, then c wave decline followed by a new rise. (Daily line 73777-49000 is a wave)

(2) Starting from the red point 57493 for a new rise.

#btc This chart is a schematic representation of (2). The new rise will progress in wave form to 114000.

As long as it does not fall below 69517, it is believed to continue to rise; if it falls below, be cautious of a pullback.

If it breaks through 73777, the recent target is the red dashed line 76955. (69517 is the previous high support level, 73777 is the historical highest point, and 76955 is the 1.13 extension position)

---- This blog only discusses waves, does not provide any trading advice, and is not responsible for any trading actions.