Btc personal view, requires observation. After completing a Wave 1, a triangle convergence pattern has formed, linking to Wave X. The continued decline is likely a combined consolidation pattern, meaning after the triangle, linking to Wave X, it completes a zigzag correction that just tests the inside structure of the triangle. Moving forward, it’s necessary to observe whether it can stabilize and then continue to open long positions, rather than short positions. At least before 69,000 to 70,000, be cautious with shorts. Regarding the three-minute structure, there is still a Wave 5 decline, and further observation is needed to see if a long can be opened.
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Btc personal view, requires observation. After completing a Wave 1, a triangle convergence pattern has formed, linking to Wave X. The continued decline is likely a combined consolidation pattern, meaning after the triangle, linking to Wave X, it completes a zigzag correction that just tests the inside structure of the triangle. Moving forward, it’s necessary to observe whether it can stabilize and then continue to open long positions, rather than short positions. At least before 69,000 to 70,000, be cautious with shorts. Regarding the three-minute structure, there is still a Wave 5 decline, and further observation is needed to see if a long can be opened.