BTB投研-中南(@ZN2030)'s insights

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Basically, it should follow the second scenarioNext week, it will first drop to the vicinity of 92-93
Then it will start the last wave of rebound, probably just over 100,000
The market is always right; we can only analyze and prepare strategies to respond to the market, ensuring good risk control

BTB投研-中南

BTC Monthly Trend Forecast

#BTC Core view: The current uptrend is strong, with continuous ETF inflows, but caution is advised at the key resistance level of 98,000.
First scenario: Formation of a 4-hour head and shoulders top followed by a decline (higher probability)

Unable to break through the 98,000 resistance level
Retracement to 92,600 forming the right shoulder
Rebound not exceeding 94,600 confirms the pattern
The weekly-level rebound has ended
Second scenario: False breakout to around 101,000 followed by a pullback (moderate probability)

Current
False breakout during the 21 bull to 22 bear rebound
Breakout above the 98,000 resistance level
Rising to the 99,800-101,136 range
The daily 3-wave rebound has been completed

The rebound trend has ended
Third scenario: After a daily retracement, the price continues to rise in a 5-wave pattern (lower probability)

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Basically, it should follow the second scenario