Since July 31, the market of Bitcoin and Ethereum is as follows:
Bitcoin (BTC) started to rise from 15443, and has experienced two rounds of rise so far. It is currently in the third round of rise. After each rise, there will be a 20-30% correction.
A new high was set the day before yesterday. This is just a strong B wave. There will be a C wave decline in the future. The targets are around 64 and 6061 respectively. In the end, more should be taken in batches.
Each time it basically presents a three-wave structure. The decline started from this position, and the three waves of decline followed by the three waves of rise formed a strong B wave structure. This time the C wave should be a five-wave structure of decline. It fell to around 65300 yesterday. This is only the first wave of the C wave. It is very likely to pull back today, close to the first-line position of around 68, and start the C3 wave decline. Here is C2, and there is C3. If calculated according to this range, it is likely to reach around 64, and there are C4 and C5. After C5 is completed, it may reach around 60. Generally speaking, we should focus on structure rather than range.
Ethereum (ETH) is building a large triangle structure. Since the decline from 4098, it has been in a wide-body oscillation as a whole. The final result is an upward breakthrough. At present, the first wave of the triangle is still missing.
Operation suggestions:
Pie: 65500-66800, Duo, the target is 67000
Yitai: 3230-3250, Duo, the target is 3350
