Today, October 27th, it seems Bitcoin is still "indecisive," hovering around the 67.5k level all day, showing a "neither up nor down" attitude. Next, let me break down the three possibilities at this level for everyone, and we'll analyze them one by one. The first possibility: The Wave 4 correction of the large leading wedge started from the low of 52.5k on September 7th, with Bitcoin forming a five-wave upward structure, reaching 66.5k by September 28th. Subsequently, the pullback from the high to 59k on October 11th was a typical zigzag correction. After that...

Market review Hi everyone, on the evening of October 20th, I posted a reminder that Bitcoin was forming a wedge pattern here. The next day, the price surged to a high of 69.5K, completing the fifth sub-wave of the wedge. After the wedge was completed, starting from October 21st, the price rapidly declined within just three days, with an ABC zigzag correction directly dropping to 65.2K. In summary, BTC's recent decline perfectly followed a standard ABC pattern, as precise as a well-choreographed play. Keeping my promise, here's a chart～ Detailed explanation of ABC correction: Wave A was a smooth decline...

The following content was posted last night around 7 PM, transcribed from the community channel's voice message (thanks to 鼓鼓！): The movement of Bitcoin (BTC) indeed aligns with the second scenario we discussed yesterday, forming an ABC three-wave correction structure. First, we can consider the previous five-wave rise as Wave A, followed by a sideways consolidation as Wave B. The structure of Wave B is relatively complex, presenting a combined WXY pattern—I'll provide detailed annotations later. From the current trend, we're now in the descending Wave C. From the perspective of Elliott Wave Theory, this correction is likely a zigzag pattern, as Wave B's retracement of Wave A is around 38.2%...

Market Review Hello everyone, today is October 23rd. Let’s briefly discuss the recent BTC trend. Looking back at the trend we mentioned on October 20th, a terminal wedge was completed near 69.5k, followed by a decline starting on the 21st. The first half of this decline was relatively smooth, quickly dropping to the 66k-67k range. However, at this level, the downward momentum clearly weakened, and the price couldn’t fall further. Four-hour K-line signals: Bulls are resilient, support is evident. From the four-hour K-line chart, the appearance of many long lower shadows indicates that bullish forces are still providing strong support. This is a typical signal...

Market review Actually, I wanted to talk about Bitcoin's market trend yesterday, but was delayed by some matters. Today I'll just briefly mention a few points. Today is October 22nd, let's first review the market from the day before yesterday. On the evening of October 20th, I discussed Bitcoin's (#Bitcoin) five-wave upward trend, from 59k to the high of 69.5k, where we can clearly see this wave's five-wave rise has basically completed. Specifically, Wave 1, Wave 2, Wave 3, and Wave 4 all met expectations, with Wave 2's retracement against Wave 1 being relatively shallow...

Today is October 19th, exactly one week since I pointed out that Bitcoin entered a critical phase last week. BTC has risen from 63k to 69k, proving the foresight of the prediction made on the 12th. So today, let's conduct a 'deep dive' into Bitcoin's macro-cycle technicals. Market Recap: A Stellar Performance of the Five-Wave Rally Since Bitcoin bottomed out in late November 2022 (low of 15.4k) until mid-March 2024...

Have you noticed the pullback curse? Whenever the market fluctuates, there's always some 'pullback curse' at play. That's right, a corrective wave always retraces a certain Fibonacci percentage of the previous wave—just like retreating to base to replenish supplies after a tough battle. Most of the time, steep corrective waves retrace 61.8% or 50% of the previous wave, as if the market is whispering to itself, 'Take half a break, or just a little more!' Especially when these corrections appear in Wave 2 of an impulse wave or Wave B of a larger-degree zigzag correction...

$Strategy(MSTR.US) $Coinbase(COIN.US) $NVIDIA(NVDA.US)Today's post exceeded a thousand words, so it has to be a long one. Hahaha~ Today is October 12th, and the #Bitcoin market has entered a critical phase. Let's analyze it. First of all, today's analysis is extremely valuable—every word is worth its weight in gold. Friends who miss it, don't regret it later! Bitcoin's market has entered a crucial stage, and today we'll discuss its trend during this phase. The analysis is packed with insights...