This is the updated path chart. The previous version was laughed for a while after it was released, but now it shouldn't be funny anymore. Strictly speaking, it is still a normal correction at the moment.
這張是重新整理後的路徑圖 之前的版本釋出後 被笑了一陣 不過現在應該笑不出來了吧
嚴格講 目前還是正常回調
Let's start with the Fibonacci From the bottom up, it hasn't even touched 0.786 (strong) yet. By "normal" non-strong standards, the target should be between 0.786 and 0.618. If it is weak, it could be troublesome, as it might fall below 0.5 or even 0.236 (which mostly happens with non-BTC assets).
Looking at the segment from 43k, it's not good news currently, as it has directly broken below 0.618 to 0.5. However, given the rapid rise, I think this is a healthier direction since rapid surges are not beneficial. Technically, a triangle has been broken downward. According to the triangle breakout rule, it might return to 43k. This number is significant: 1 This is the starting point of this wave and also 0.618 from the bottom. 2 In terms of time projection, if it continues to break down here, it might be the bottom of the ascending channel. 3 In terms of prediction, this is also the bottom of one of the paths (red).
Looking at the shorter time frame: BTCUSDT Currently, there are roughly four path scenarios to consider. Statistically, the probability of the purple path is high because it matches four measurement methods. However, because it fits the analysis too well, could it be a trap?
Regardless, we should still execute according to discipline. Is there a chance that this is just an overshoot and a reversal is imminent? This possibility cannot be ruled out, but it will take time to digest the sentiment. Personally, I entered the market today because this is considered a potential reversal area. However, if the situation continues to deteriorate or if it fails to effectively break through the descending trendline (orange), I will temporarily exit to hedge when it breaks below the descending channel.
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