The bitcoin market fell sharply, and yesterday predicted the fall of bitcoin, but instead of shorting, it went to do long orders in other currencies, and the result was harvested. When other coins are in the opposite direction of Bitcoin in the short term, try not to touch it to reduce risk.
Bitcoin is still in the fourth wave of consolidation, and after the shock is over, it will continue to rise. But the structure of the fourth wave is more complex, and it is uncertain what form it will take, whether it may be a joint type or an expanding triangle.
No matter which form it is, there is a common feature, that is, the overall general direction remains the same, and the short-term shock direction remains the same, there will be a decline, and then the fifth wave of the rise will be started.
In the next two or three days, we will reach a critical point in time. It is necessary to closely observe the depth and structure of this decline, find the stage low, and then make a layout.