$BTC
From the broader perspective of Bitcoin (BTC), this bull market will ultimately conclude with a significant large-scale deep crab pattern. Currently, the market is in the B wave rebound phase, after which it will enter the C wave termination phase.
From a time perspective, B wave will be completed in about 50-60 days, with the height of the B wave rebound between 9.8-10.2. The 10.2 level will depend on market sentiment. It is slightly challenging. Then comes the initiation of the C wave.
This B wave structure is very difficult to contract, as the market can oscillate widely, the 80,000 position can be tested again, and it can also hit a secondary low before pulling up. The high point may be tested multiple times to trick you out, and finally, the distribution will occur.
Although the target of 13.2 has not been fully achieved, the height of 12.6 has been reached.
For those with a spot cost above 70,000, it is advised to reduce positions in batches to hedge against risks during the rebound.
The B wave is meant for escaping, not for chasing high patterns.
For specific exit points and shorting strategies, please refer to the chart analysis.
This large-scale pattern resonates with the previously analyzed small-scale patterns.
Chart 2-3: The June forecast of 12.5/12.6 indicates that there will be a secondary level pullback, with 93588 serving as the spot defense, aiming for a 5 wave derivative upward expectation of 13.2. If it breaks down, the wave structure will be invalidated.
Chart 4: The last sharp drop of BTC to the starting drop point of 80,000 began at 104,000, which contains a standard butterfly pattern. The PRZ landing point of the butterfly is 93588. From a large-scale perspective, it encapsulates a small-scale pattern.