Currently, the price of Bitcoin is around 105,000. From the overall structure, Bitcoin is in the pump phase of the fifth wave. Since the launch at $48,888, the first three waves have been completed, and the first wave of the fifth wave has ended, entering the consolidation phase of the second wave. After the completion of the second wave, the pump of the third wave will be opened, and the amplitude of the third wave usually exceeds 20%, which is a worth-catching trend.

During the consolidation of the 52-wave, the current structure may form some combined patterns, such as wxy, where the y-wave may form a triangle. If this is the case, after the pullback, there is hope to directly start the 53-wave and continue upward; but the possibility of a deep pullback cannot be ruled out, such as breaking through the existing support, probing lower positions before starting the 53-wave. Therefore, the depth of adjustment in this market directly determines the strategy for subsequent entry.

However, what is certain at the moment is: there will be a red envelope market during the Spring Festival; the uncertain issue is whether to lightly step or deeply step; there are multiple options for operation: participation method one; layout according to light stepping, low leverage and low position, no stop loss, add positions if deeply stepped on; participation method two: layout first according to light stepping, stop loss at 101000 for multiple Bitcoin positions; stop loss at 3180 for multiple Ethereum positions, wait for deep stepping and then re-layout if hit, deep stepping may go back to 2900 and 95000 again; participation method three: go long when Bitcoin breaks through 108000; go long when Ethereum breaks through 3500.