7.29 Bitcoin trend analysis: Bitcoin is currently in a 5-2 wave of pullback, and it will continue to rise after the pullback is completed (Bitcoin contract trading) Military Commander

Original author：比特币军长

Original source：https://www.youtube.com/embed/8Ke18a1oQhQ

How is Bitcoin trending today? What is the Bitcoin forecast?

7.29 Bitcoin price today's market: Bitcoin is currently at around 118,000. Starting from 123,000, it has been trading sideways for 11 days and has emerged with a complete ABC adjustment structure. This adjustment has been going on for 11 days. It is impossible for a new rise to end so quickly. At present, this is the first wave among the fifth wave structure, and the current callback is the second wave among the five waves, which is a very normal adjustment structure.

If this wave can be pulled back to the position below 117,000, you can increase your position for the second time. This is a cost-effective area and is an area worth paying attention to. So the overall direction has not changed, and it is still bullish. This wave of decline is just a second wave of correction. After the pullback is over, it will continue to move upward. The goal is to look at the fifth wave upward.

To sum up, if the callback is normal, if the callback reaches below 117,000, another layer of position can be added.

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