$BTC
🚨BTC 68000 can’t hold? 4-hour MACD is about to cross down, don’t rush to give away your position!
According to technical analysis based on the theory of Chan, BTC experienced a 30-minute level top divergence around 7 AM yesterday, which triggered this wave of 4-hour level decline (30-minute segment). Currently, BTC does not yet have a complete five-wave structure at the 30-minute level. If a 4-hour bottom pattern + 30-minute level structure + 30-minute second buy occurs, then our opportunity to go long will come. For now, let’s be patient and wait.
Furthermore, from the historical K line perspective, it is generally likely for daily lows to drop for three consecutive days, with a high probability of continuing to fall for a few more days. If BTC breaks below the 68000 neckline and goes near 64000, the probability is quite substantial. Additionally, with the 4-hour MACD about to cross down, the risk of going long at this position is still rather high. For beginners, given the recent market volatility, it’s better not to play short-term trades. Instead, we can aim for a medium-term profit of about 15-20 points which is quite comfortable. At that time, the target will still look towards around 75000 to 77000.