Hello everyone, I'm Haige. Today, we continue to analyze the trends of Bitcoin and other mainstream cryptocurrencies through the core concept of the "Chained Theory". The "Chained Theory" emphasizes complete classification and following market fluctuations, rather than predicting the market.
Viewpoint: Bitcoin is currently in a downward trend at the primary level, with a high probability of breaking 64000 in the short term.
Bitcoin
Medium to Long-term Trend:
Bitcoin is still running a rebound at a higher level. Continue to focus on whether the higher-level movement has ended, when it will end, and the sustainability of the uptrend.
Two possible trends to follow:
- The higher-level movement ends at 72000-73000, followed by a higher-level downward movement.
- Strong buying (after forming the second center at this level), with doubts about whether it can break 74000 in the end.
Short-term Trend:
Currently observing the downward trend at this level, breaking 64555, with a small probability of divergence between 64000-64555, completing the downward trend at this level. It is highly likely to break 64000. In the absence of divergence, it is expected to fall below 63200. Short positions can be closed out for most positions at 63000-63500.
Ethereum:
Medium to Long-term Trend:
Short-term Trend:
Currently, Ethereum is also expected to experience a downward trend at this level, currently in the process of constructing a center.
The downward trend at this level may reach 3450, 3400, 3350 in terms of strength.
WLD:
Short WLD, short positions have entered the market!
SOL:
In the current downward trend at this level, looking to break 130.
ORDI
Audi has dropped too much before, and after oscillating at the low-level center, it is highly likely that it will not hold at 31 in the future.
Disclaimer: Short-term market analysis is time-sensitive and is for reference only. Trade at your own risk. ID: roganwu32
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