Today, let's update the analysis and trading suggestions for BTC and Ethereum:

🫓Yesterday, it retraced to around 97,680, is this the end of the wave 2 correction? We still need to observe the strength of the rebound. On January 25th, I mentioned that the overall structure of the five waves has not been completed. Now, either wave 1 is over and wave 2 correction is underway, or wave 2 is over and wave 3 is ready for an uptrend.

Talking about the adjustment form of the W-wave, there are two possibilities: one is a short dip, forming a triangle structure, not falling below 101,000, and then rising directly; the other is a deep dip, falling below 101,000, may touch 97,000 or even deeper positions like 95,000, and then start to rise again. At present, retracing to the 50% Fibonacci level is reasonable. If it goes deeper, around 61.8% (95652) is also within a normal range, but placing a stop-loss at a little below 95652 is necessary to leave some room.

The key now is to observe whether this rebound has enough strength. If it breaks through 105000, then the rise of wave 53 will officially begin, which is also a signal that confirms the end of the wide-range oscillation consolidation.

Before the breakthrough, the market may still oscillate repeatedly. Everyone needs to be mentally prepared and not take it lightly just because of the rebound.

If it breaks through 105000, the 5-2 wave plate will end, and the 5-3 upward trend will start with a magnitude of more than 20%. Auntie pays attention to the situation of breaking through 3370, which means the right shoulder plate consolidation is over and the target is above 4100.

Important reminder‼️ Do not be shaken by low leverage or low capital participation. Finally, wish everyone a happy new year and take advantage of this market together for a good year!

#The strategy is for reference and communication only. Control the position well and do not use it as a basis for trading. If there are any changes, you will be notified separately.