After BTC surged from 26th August to 65,000, it began the expected pullback. After 5 am, it accelerated its decline, reaching a low of 58,034 and the current price is 59,300.

Last night, in the live broadcast titled "The Third Opportunity to Get Onboard," this account clearly indicated that the big cake is about to undergo a 4-hour level downward adjustment. At that time, the price was still above 62,000 points, and it was mentioned that the pullback had just begun. There was no opportunity to bottom fish even in the short term before the appearance of the bottoming pattern at the 4-hour level. As a result, the big cake plummeted again in the early morning, dropping by several thousand points, with a substantial volume decline to the 58,000 mark. It is currently in a phase of substantial volume decline, and there is no bottom fishing opportunity yet.

The following image is the 4-hour level deduction diagram made during last night's live broadcast:

The above image shows the first and second opportunities that appeared after the sharp drop on August 5 at the 4-hour level. Next, we need to patiently wait for the third opportunity to get onboard at the secondary level buy point when the 4-hour level downward segment adjustment appears. Currently, it seems that only the next leg down from the 65,000 high has been completed, and it is in a phase of substantial volume non-divergent decline. It is still too early to appear at the secondary level buy point. When a range-bound structure appears within this downward segment, it will constitute the third buy point of the 4-hour center, also known as the departure segment buy point for the small b segment, which is the most profitable opportunity to get onboard. As for whether there will be a third opportunity to get onboard in the future, it still needs to continuously follow the growth and evolution of the secondary level trend type. Of course, the best structure for this downward adjustment is not to break through the 4-hour second buy point of 46,078. If it breaks through, the trend change will be more complex.

The above image is the 1-hour level trend deduction made during last night's live broadcast. Currently, it is running the fifth downward segment, but the intensity of the downward adjustment exceeded expectations. In less than one night, it almost reached the lower edge of the center. If the bulls can withstand the bear's counterattack and maintain oscillation between the center of this hour, there is a probability of oscillating to the 9th stage upgrade form before choosing a direction. As for the direction, it is highly likely to align with the 4-hour level expectation of the third buy point of the center, with a higher probability of upward movement.

Finally, here is the 4-hour level trend deduction diagram for ETH made during last night's live broadcast. It also clearly indicated that the 4-hour level third sell-off is expected to undergo a downward adjustment. Whether it will break a new low or the third sell-off will turn into the second buy-off needs to follow the growth of the secondary level trend. Most other altcoins are also expected to undergo a 4-hour downward adjustment. It is still not the time to truly bottom fish after the recent sharp drop. Patience is required to wait for a clear structure to appear.

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

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