Yesterday, Jian's article explicitly mentioned that after the 15-minute level three buying of BTC broke through the high point of 64955, there would be a minimum 15-minute downward retracement. The actual trend was a retracement starting right after breaking through the previous high point and reaching the round number of 65000, with the retracement reaching a low of 62838. The current price is 63150.

The overall direction is upward, but it will not continue to rise indefinitely. This is the consensus, and a retracement at a smaller level is a normal phenomenon. There is no market where prices only rise without falling. The key is for us to understand the level corresponding to the retracement, as the level is very important for our operations. Departing from the level is equivalent to starting from scratch!

The current retracement is only at the hourly level or even smaller. In the image, it can be seen that there will be a retracement of 1 hour downward. This retracement has two classifications in the image, with the red representing the strongest bullish trend. If a level three buying occurs, it will continue to break through and drive the upward extension of the 4-hour level. If the blue option is chosen to return to the central range, the trend will change in various ways, but its core remains the oscillation of the 1-hour level.

Next, let's look at the 15-minute trend type corresponding to the 1-hour level. As mentioned yesterday, the 15-minute will construct a new central range, and now the central range has appeared. Here, the transition from level three buying to level one selling and the subsequent retracement is a bit deep, breaking through the lower boundary of the central range. We should pay attention to whether a 15-minute level two selling will occur within the day or tomorrow. If a level two selling occurs, the probability of a level three buying at the 1-hour level will decrease.

Short-term fluctuations will be very frequent, and the smaller the level, the greater the difficulty of trading. For those still in the early stage before the start of a major bull market, if they did not replenish near the minimum retracement of 50000 in time, there will be another opportunity to get on board later. As for where the future opportunities to get on board will be, you can pay attention to tonight's live analysis.

The above analysis is for reference only and does not constitute any investment advice!

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