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Market Quick Review: #BTC
1F, after last night's turbulence, the exit phase has completed its level growth, becoming (aAb)B(aAb), entering a state where the model can be completed. Now, only then can we truly discuss divergence. Many beginners in Chan theory tend to make this mistake—talking about divergence without considering the growth of the trend. In fact, the premise of divergence must be the completion at the level and structural level.
Currently, the rebound has penetrated the central zone within the exit phase, which is a bullish expression. The next step depends on whether this bullish momentum can continue, observing where the retest and landing point are—whether it’s a secondary and tertiary buy, a neutral secondary buy, or a return to the origin point. Both the first two options are bullish signals.