The cryptocurrency market is seriously U.S.-like!
U.S. stocks rose slightly! The cryptocurrency market is warming up!
Against the backdrop of the Fed's rate cut cycle and the small backdrop of the $BTC ETF, I don't think it will fall so deeply, because there is no driving force for such a deep fall for the time being;
Back to the current market, if 73777→49000 is the first part of the adjustment, then we are now in the second part of the adjustment. Before falling below 54250, we assume that the second part of the adjustment will continue;
The corresponding operation is that if you are buying the bottom below 54250 and want to bet on a big wave, then 54000 is a good stop loss point;
At present, there is no driving force for an upward reversal, so it is assumed that after this wave of rebound is over, there will be another wave of adjustment;
At the morphological level, there is no breakthrough at present, so my choice is to rise to a larger macro level, the event level to observe and wait, waiting for the variable that is sufficient to trigger a change in the current market trend to appear, whether it is an event or a new story, it has not appeared yet.
