Market Analysis Highlights Risks and Short Signals for Bitcoin

The author mentions that the focus is on advertising ideas, with little concern for quality, emphasizing only conversion. Regarding the market analysis, the approach of drawing trendlines and expecting rebounds at the third point is considered reckless, especially when predicting upward moves. The explanation clarifies that on odd-numbered tests (points), impulsive breakouts occur at 3-5-7, while even-numbered tests tend to be corrective rebounds at 2-4-6. A breakout at 1-2-3, even if false, is still regarded as a true breakout, leading to a continuation of formation at points 4-5. Waiting for a rebound at point 3 is largely a gamble and carries an unjustified risk. The current chart shows a zone labeled as the 'interest zone,' which acts as a magnet for price and is likely to test this area. Bitcoin is currently operating within mirrored levels downward, confirming a short position. A critical support level at 106,600 is vital; a break below this would indicate a structural breakdown and significantly weaken Bitcoin.