Daily Market Analysis of the Cryptocurrency Circle (1.9)

Summary:

$BTC The daily line has not finished falling yet and will continue to break new lows. This time, the daily line is expected to drop 90,000. The decline from 102700 to 91000 is a four-hour downward structure. Currently, we are experiencing a four-hour rebound structure, where the internal first leg of the four-hour rebound is a 30-minute rebound. There will also be a 30-minute pullback to confirm the low point at 91000, followed by another 30-minute rebound to complete this four-hour rebound structure. The target for this four-hour rebound is in the range of 96500-98200. Finally, we will see one last four-hour decline to break the new low and complete the entire daily downward structure. The view of the third daily oscillation center forming during the high-level consolidation remains unchanged. There are only two areas for pullback bottoming: 86000-89000 is the first area, and 77000-80000 is the second area. Do not start laying out spot positions until reaching these two areas. The first area can be entered with half a position, and the second area can be fully allocated.