Structurally, Bitcoin does seem more like it's in the B phase of an ABC pattern, and there will still be a C decline afterwards;
However, pay attention to the wording, I said "seems more like," these two words indicate that this is all speculation before the market moves;
So, in terms of operation, I think it's fine to take profits in batches, but there's no rush to short before breaking key levels (I tried shorting at 108 yesterday, with a stop loss at 1085);
And now that everyone has gotten used to the idea that the crypto market only revolves around Bitcoin, I think we should still consider whether Ethereum has the potential to lead, given the current strong position of the E/B exchange rate at a low level.
From half past four yesterday afternoon to half past five this morning, Bitcoin has broken through the 11w mark again for 13 hours in a row. It seems that it is all good for a while, so I will probably sort it out.
1. Extending the rebound in U.S. stocks last Friday, all three major stock indexes rebounded to new highs after the tariff war
2. The relationship between the two biggest crypto proponents has eased
3. Progress has been made in the China-US talks in London
4. Circle, the first share of stablecoin, continues to reach new highs, triggering crypto FOMO sentiment in U.S. stocks
5. The three major negatively correlated indices of U.S. Treasuries, U.S. dollars, and gold are all falling
Now it may not be very wise to shout short at this juncture, after all, it is only 2000 points from the previous high. Is it directly on the sea of stars, in fact, not necessarily, the trend of the pie has always been relatively regular, and it is greatly affected by the US stocks, if the US stocks do not come out of the new high, the pie does not need to break through so early. Or even if it is high before the break, it is a little higher than 111980, and the situation of rushing straight to 12w13w15w will probably not happen, and even from the structural point of view, it is still a continuation of the rebound of the right shoulder.
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