Let's talk about the big picture tonight
It's not a bearish outlook right now, but rather following the trend; Bitcoin is still aiming for 930-950 or even 100
As Xin Yi mentioned, if it falls below 866, then we can consider adjustments; the rise is being weakened, and the bullish structure on the hourly chart has been broken. It is likely to drop again tomorrow, and the drop could be even more severe. This is just an adjustment in this bull market; in fact, the current rise to 90,000 has still not reached the peak. I have mentioned that I first see 930-950, and I have also said that a six-figure Bitcoin is possible, but in the short term, it might not be achievable, so don't think about it. This is just an adjustment in this main upward wave, not a transition to bearish!
7 consecutive daily candles
The daily level wave action in this vicinity needs to make an adjustment; if the intensity of the weekly correction increases along with negative data tomorrow, then the speed will accelerate. This wave will first see 81, and I won't think too much about the 60s as it's hard to adjust to that level. I have already said that 70,000 will become the starting point. You can carefully review my history and see that if we truly see the 70s, please quickly bottom fish; 100,000 Bitcoin is really not the endpoint. If you don't believe it, just pull up Fibonacci and estimate it; then you'll know that 100,000 is really not the top of this bull market.
For medium to long-term, set a limit order between 886-860, with targets looking down at 84,000-81,200-80,400. Long-term positions must be held calmly! Otherwise, don't engage in long-term trading.
If we cannot hold 860 by midnight and cannot rise above 870, then we short directly at the rebound of 87.
