Bitcoin has a high probability of a certain trend. Two logics:
Wave theory logic: On the daily chart, it first moves down in the 12345 wave, corresponding to the weekly chart's a wave pullback. Then it starts an abc rebound, corresponding to the weekly chart's b wave rebound. Finally, it accelerates and experiences a daily chart level 12345 wave down, corresponding to the weekly c wave down. Generally, the c wave down is quite fierce, so capturing this wave to short can yield the highest profits.
Liquidity logic: One of the main logics for market fluctuations currently is liquidity, and nearby liquidity dense areas are usually the targets for ups and downs. The liquidity density here does not necessarily have to be viewed through the liquidation map; the liquidity distribution in different levels of liquidation maps varies. The simplest, most straightforward, and effective approach is to look at support and resistance zones, which often correspond to liquidity dense areas. Currently, it is very close to the 75,000 liquidity dense area, and it is likely to wash this area a bit, and there is significant support near 70,000 below, which is a high-cost performance area for speculation.
Wave theory logic: On the daily chart, it first moves down in the 12345 wave, corresponding to the weekly chart's a wave pullback. Then it starts an abc rebound, corresponding to the weekly chart's b wave rebound. Finally, it accelerates and experiences a daily chart level 12345 wave down, corresponding to the weekly c wave down. Generally, the c wave down is quite fierce, so capturing this wave to short can yield the highest profits.
Liquidity logic: One of the main logics for market fluctuations currently is liquidity, and nearby liquidity dense areas are usually the targets for ups and downs. The liquidity density here does not necessarily have to be viewed through the liquidation map; the liquidity distribution in different levels of liquidation maps varies. The simplest, most straightforward, and effective approach is to look at support and resistance zones, which often correspond to liquidity dense areas. Currently, it is very close to the 75,000 liquidity dense area, and it is likely to wash this area a bit, and there is significant support near 70,000 below, which is a high-cost performance area for speculation.
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