Analysis and Judgment of BTC Short-term Price Structure

As shown in the figure below, from the BTC wave structure, the short-term bullish-bearish watershed is at Line 2. Above this level, the daily chart still shows a bullish trend; above Line 1, the bulls are strong. Currently, there is a pullback at the 1-hour level, and we need to patiently wait for the formation of a strong bullish reversal model ("1+3") at the 1-hour, 2-hour, and 4-hour levels during the pullback process, and then go long according to the model. If a bearish candle closes below Line 2, it indicates the beginning of a bearish trend at the daily level, and we need to switch the trading direction, going short based on the strong bearish reversal model at high points. This is a personal opinion and is for reference only.
Disclaimer
The information and opinions in the report are for reference only and should not be considered as actual investment trading advice. Investors should assess whether to use the content of the report based on their personal investment goals, financial situation, and needs, make independent investment decisions, and bear the corresponding risks.