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A brief analysis of BTC's future one-month trend projection
1⃣
1) Weekly chart: The lows are gradually rising, with a MACD golden cross expected at low levels. The downward trend is weakening, and the upward trend is strengthening. It is clearly a B-wave rebound at the weekly level, followed by a C-wave decline;
2) Daily chart: Repeated oscillations and upward movements, with lows gradually rising, but trading volume and bullish momentum are moderate;
3) ETF institutions: In the past two months, net outflows have exceeded net inflows, with ETFs moving from second to first tier;
2⃣
Based on the comprehensive analysis of volume, funds, and momentum, combined with the ABC three-wave decline on the weekly chart, the forecast is as follows:
1) Unless there is significant negative news or black swan events, BTC's price will oscillate and rise to 98,500-100,000 before early February;
2) BTC will complete the B-wave rebound in early February, with a high below 100,000. Stay alert, this is a dead-cat bounce of the B-wave in the ABC three-wave decline, and a large C-wave drop will follow;
3⃣
The bottom is initially around 70,000, then a relatively large rebound will occur, with a high near 80,000;
3) The true bottom of this bear market for BTC is around 58,000, likely appearing between June and August. The exact timing of the bottom cannot be accurately predicted.
We will observe, analyze, and adjust as we go. The overall weekly-level decline structure and price points are as described above.