#BTC
The big coin has pulled back from a high point near 76000 to around 68700, supported by the lower yellow trend line, and has rebounded somewhat, currently quoted around 70700. We draw Fibonacci retracement lines from this round's high to low points, and can see that the big coin encounters resistance at the 0.382 position during its rebound. Therefore, we can assess the trend based on the lower yellow trend line and the upper 0.382 position: 1. If it breaks below 69000 without quickly recovering, we will continue to see a decline to the lower range, currently around 66000. 2. If it breaks through the 0.382 position, at 71500, and stabilizes, then we can expect to see the upper range of 73000-73500. 3. If it stabilizes at the 73000-73500 position, then we look at 76000-77000, followed by a major crash.
The short-term rebound presents good opportunities for high short positions, as we are in the fifth wave of the bear market decline. The current fourth wave adjustment structure, or the end of the descending flag structure, is getting closer to another major crash. 点击进入皇家研究院聊天室
