#BTC Yesterday’s price action continued the three-wave structure. The lowest zone below is exactly the extension area of the three-wave structure, between 758 and 754. And the rebound was also around 900 points. So yesterday, when it was at 766, I emphasized that it still can’t be too optimistic, and that if the 761 small support can’t hold, we should first watch for the pullback to continue. Only after it reaches the lower level can it rebound. It has rebounded a bit now, but the strength is still a little lacking. So today, will it continue to weaken, or will it be strong again and attempt another push higher?

Judging from the overall trend structure, the lowest point has not broken through the support of the daily Bollinger Bands’ middle band, and in terms of the larger-scale trend, the bears still have the upper hand. However, tomorrow early morning the Federal Reserve’s interest rate decision will be the biggest fundamental factor affecting the bear-bull game. And often, before such major fundamentals arrive, the market won’t act aggressively—generally it’s mostly a wait-and-see mode. Unless signals are given in advance, otherwise it will trade in a range. For today, we can first look for a range.

The lower side is 755 to the upper side of 773, low on the downside and high on the upside.

#加密市场小幅下跌