BTC breaks through 71,000! Mainstream currencies have stopped losing money, so why are these altcoins bucking the trend and making huge profits? ——aptain Commander talks about BTC

Original author：Captain 軍長聊 BTC

Original source：https://www.youtube.com/embed/6S3RHAhDuBA

Free communication community Telegram: t.me/junzhangshequnXMX🥇Binance (invitation code: FVHBO631) https://www.binance.com/join?ref=FVHBO631🥉Oyi 20% fee reduction (invitation code: 93705938) https://www.okx.com/join/93705938📊 Market review and operation summary (June 1) - Captain Jun Aptain talks about BTC 1. Macro negative impact news: A double blow from the rumors of "Chinese residents' overseas investment is illegal" and the rare sale of 32 Bitcoins by a giant whale. Market reaction: BTC quickly dropped from $74,000 to around $71,000. 2. Account profit and loss ❌ Stop loss and exit (mainstream currencies): BTC long order: Stop loss is triggered at $73,300. ETH long order: Stop loss triggered at $1,997. ✅ Profitable positions (copycat/U.S. stock tokens): THETA: Income of about +2%EIGN: Income of nearly +4%AR: Strong performance, with income of about +14%. U.S. stock tokens (including SNOW): With an increase of nearly 10% yesterday, SNOW is expected to have long-term doubling potential. 📉 In-depth technical analysis of Bitcoin (BTC) wave pattern: It is in the extended stage of wave C in the ABC correction wave. Specifically, the fifth wave evolved into a complex flag-shaped extension structure (5-1-5-2-5-3-5-4-5-5), causing the price to continue to fall. Key signal: Multiple bottom divergences. The 12-hour, 6-hour, and 4-hour levels all showed bottom deviations from expectations, suggesting that the downward momentum has weakened. Strategic advice: Although it fell below the lower track of the channel, given the complex structure and divergence, it is not advisable to blindly chase shorts or rush to buy the bottom. It is recommended to wait and see for the time being or look for other opportunities. Ethereum (ETH) pattern evolution: It is also in a state where the end point of wave X continues to extend. The decline of wave C has not ended and evolved into a downward flag-shaped fifth wave extension. Potential reversal: Judging from the wedge shape, the current position is most likely the end point of the D wave of the ABCD structure (ie, the potential reversal point). Strategic suggestions: Although it has reached a new low, it is still not bearish from the perspective of the overall structure. It is strictly prohibited to blindly short at this time and wait for the signal of stabilization on the right side. 💡 Summary of the core point of view "Although the position is broken, the structure is not suitable for bearishness" The current market is in an extremely complex period of shock and washout. Although the mainstream currency (BTC/ETH) broke due to bad news, technical indicators showed that the downward momentum was exhausted (bottom divergence + end of complex extension wave). The operation at this time is extremely difficult. It is better to miss than to make a mistake. It is recommended to temporarily shift your attention to altcoins or US stock tokens with strong performance, and wait patiently for the structural repair of mainstream coins. #Virtual Currency #Big Pie #Dow Theory #Wave Theory #Wyckoff Trading Method #Adam Theory # Fibonacci # Fibonacci # Harmonic Form # Wyckoff # Wyckoff # Gann # Turtle Trading Method # Pressure Support # doge # Dogecoin # Dogcoin # Elliott Wave Theory # Livermore # Livermore # Digital Currency # Blockchain # Binance # Binance # Contract # Federal Reserve # Raise Interest Rate # US Stocks # Currency Circle # DOGE # LTC # XRP #BitcoinTrading#crypto #ripplecoin#litecoin#USDT #TradingView # Trading#Naked K #K Line#Bitcoin Wallet#Bitcoin News#Bitcoin Today Analysis#Bitcoin Daily Analysis