Yesterday's analysis indicated that the price remained below 26800 and continued to decline. BTC declined as expected.

CN
1 year ago

Yesterday's analysis indicated that the price remained below 26800 and continued to decline, with BTC falling as expected.

Today's analysis:

The green line has already peaked. Due to the green line's three-segment sawtooth pattern, it is judged that 24901 cannot be considered the major bottom for this year (it is the first part of a relay pattern and also a phase bottom for the past two months). The white line represents the pullback against the green line, and the structure of the white line's pullback is currently incomplete (pullback structures are usually sawtooth-shaped). The pullback is still ongoing, with support levels below at 25884, 25673, 25415. From a daily perspective, the price needs to stay above 25415 (can be pierced by a needle). If so, there will be another upward movement on the daily chart. Wait for the structure to be complete before bottom fishing.

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