The end of Bitcoin bulls, the last look at 31600
Bitcoin continued to fall into a high order yesterday, and the situation of long and short stalemate will not affect the later trend, so we still wait for the buying opportunity after Bitcoin falls back. From the perspective of time span, if it falls again today, the adjustment trend will probably end. Bitcoin operation recommends buying at 27200, risk control at 26600, and target at 29200~31600.
Bitcoin bullishness is based on the following:
1. Bitcoin’s daily line has continuously received high cross stars. From the current position, it is more like a rising relay, and the bullish trend will continue in the later period.
2. According to my personal analysis, the current uptrend of Wave C 1 may not be over yet, and it is still in a sub-level uptrend in the short term.
3. The upper pressure is 29200~31600, and the lower support is 27200~26300.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
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