Market analysis on July 23
To sum up in one sentence: Everything is ready, only the east wind is missing
This east wind refers to the signal
The trading market is an uncertain market. If you want to survive in this complex and changeable market, you must have a stable strategy system to find out what the definite signal is.
What is this definite signal?
1: Either point E breaks through point C, which will eliminate the possibility of BTC's weekly 5-wave adjustment and determine the long-term bullish trend.
2: Either a short signal appears and a 5-wave correction is started.
At present, neither of these two is available. The market is oscillating in this middle position, which is full of temptation. In this range, whether it is long or short, it is difficult.
Current view:
1: Spot, do subtraction, not addition; if E really breaks through C, it can be 100% certain, and it is not too late to enter the market, and the risk will be much smaller than it is now.
2: The short party will wait and see, and will not shoot without a signal.
The position of the lifeline of the hourly chart has changed. Remember that it is the hourly chart cycle.
