Dear all, since my projection indicated that BTC would bounce back at the 26100 area, the reality is that BTC has already bounced back in the range of 26300. In this range, we have observed a swap reaction to the previous demand, but the seller pressure was not as strong as expected, and buyers were unable to create a significant long wick. From this, we can deduce that sellers are entering gradually, potentially aiming for a further downward target in the range of 25500 - 25300.
Currently, we can see that BTC has the potential to undergo a correction by forming a 5-wave downtrend and establishing a channel.
Therefore, the best action plan is to consider placing a long order in the range of 25500 - 25300 and a short order in the range of 28000 - 28300.
We simply need to respond to the signals provided by the market.
The BTC swing trading range is as follows:
28250 (High)
25300 (Low)
Currently, we can see that BTC has the potential to undergo a correction by forming a 5-wave downtrend and establishing a channel.
Therefore, the best action plan is to consider placing a long order in the range of 25500 - 25300 and a short order in the range of 28000 - 28300.
We simply need to respond to the signals provided by the market.
The BTC swing trading range is as follows:
28250 (High)
25300 (Low)