📊#BTC fell sharply after reaching the long-term TP zone. next❓

🔔BTC has been very volatile during this period, and the corresponding risk coefficient is also very high. Altcoin has also been greatly affected. Most of the technical forms have failed after the violent fluctuations in BTC. Therefore, we stopped futures trading and waited for the market to return to stability. We mainly focused on spot trading, also to prevent a sharp retracement of profits.

🧠At present, we have achieved the long-term TP zone, so a sharp correction is very reasonable, indicating that the resistance above has reached the threshold. However, the rapid decline did not form an obvious short structure. Combined with the large cycle, it still belongs to the long structure, so we still focus on long positions.

➡️As for the buy zone, we are currently hovering near the 6H buy zone. However, because the daily level adjustment has not appeared, there is an expectation of continued decline. Therefore, the most noteworthy buy zone is the D buy zone.

Let’s see 👀
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Kommentera:

📊#BTC complete daily level correction, alert to rebound risk⚠️

☕️Don't panic too much, because this decline is completely in line with expectations, and the long-awaited daily level adjustment has finally appeared.✔️

🧠There are not many twists and turns in the process of decline. It is simple. The level of short structure is small cycle. The structure of small cycle cannot change the structural trend of large cycle. This means that if we want to change the long trend, we need a Only the short structure of a large cycle will work, so it is reasonable to start rebounding from the D buy zone.✔️

➡️From the perspective of wave theory, after completing the pulse wave, we enter the correction wave. We may have completed correction wave A and look forward to the occurrence of correction wave B.🙏

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