---
title: "Bitcoin is about to break through! Three major market scenarios, full of excitement!"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24794264.md"
description: "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..."
datetime: "2024-10-27T15:12:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24794264.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24794264.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24794264.md)
author: "[BTCFREE](https://longbridge.com/en/profiles/11280193.md)"
---

# Bitcoin is about to break through! Three major market scenarios, full of excitement!

Today, October 27th, it seems that Bitcoin is still "hesitant", hovering around the 67.5k level all day, showing a "neither up nor down" attitude. Next, I'll outline the three possibilities at this position and analyze them one by one.

#### First Possibility: Large Leading Wedge's Wave 4 Adjustment

Starting from the low of 52.5k on September 7th, Bitcoin formed 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 adjustment. After that, Bitcoin experienced another five-wave rise from 59k to 69.5k on October 21st, with the fifth wave forming a wedge.

If this is the adjustment of Wave 3, it could be a retracement of the larger Wave 3-2; or it might be a retracement of an even larger Wave 4. After Wave 3 or Wave 4 completes, Bitcoin could potentially reach a new high, as wedge adjustments are usually followed by an explosive Wave 5 upward, which would perfectly illustrate the leading wedge pattern.

#### Second Possibility: Wave 3-2 Retracement Followed by Wave 3-3 Breakout

Another scenario is that Bitcoin's rally since October 11th from 59k has only completed Wave 3-1, and the current retracement is Wave 3-2. If so, we might witness a "thrilling" Wave 3-3 surge next.

Omitted.

#### Third Possibility: 535 Structure Reversal (Low Probability)

Finally, this possibility is extremely unlikely and can almost be ignored. It suggests that the five-wave rise from 52.5k to 69.5k has completed, and a new downtrend has begun. The current retracement doesn’t show clear impulsive wave characteristics, so it’s likely just a "feint" by the bears.

#### Comprehensive Conclusion

Omitted.

#### Trading Advice

High-risk strategies like leverage and options are not recommended. Experienced traders may allocate positions appropriately but should avoid "gambling". Follow the trend and don’t fight it. MSTR moves in sync with Bitcoin, often gaining 2-3 times more, but shorting MSTR should be avoided due to the high risk of losses. When a major trend emerges, following it is the best strategy.

Let’s patiently wait for the next clear pattern—sometimes, waiting correctly is also a tactic.

$Coinbase(COIN.US) $Strategy(MSTR.US)

### Related Stocks

- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md)

## Comments (6)

- **廖先生 · 2024-10-28T07:54:56.000Z**: Learned something new again
- **炒股是爱好 · 2024-10-28T07:17:22.000Z**: 😍
- **奔快的溪流 · 2024-10-27T19:46:53.000Z**: Study!
- **慕尘 · 2024-10-27T16:20:34.000Z**: Learning
- **好孩子 · 2024-10-27T15:51:36.000Z · 👍 2**: 热滚滚的最新分析～👏🏻👏🏻👏🏻
- **鼓鼓 · 2024-10-27T15:51:09.000Z**: The first and second possibilities were overlooked before, another day of learning~ Although the teacher also gave target points, tomorrow I still need to draw them myself according to several plans to solidify my understanding.