Market Brief: #BTC

30F, still in a correction phase within an upward trend, testing the central level of this wave. The internal structure of this decline is extremely complex, full of false breaks and fakeouts. I participated in almost the entire last week's market movement, and it was quite challenging. I've been trading for over ten years, but I still encountered situations where my response was insufficient several times.

1F, the trend structure here is very strange, with the central level and precision degraded due to false breakouts. I'm too lazy to manually correct it, so I use the standard Chan Theory algorithm directly, which still allows me to glimpse the overall picture. Currently, it is in a phase of a 9-wave upgrade within the 5F lower level, forming an (aAb)B structure. It appears to have formed a departure segment here, but the level has not completed its growth because the 5F central level requires a 5F departure segment—meaning that this departure segment must at least form a 1F wave structure before it can be considered complete. Otherwise, it is a minor correction turning into a major one. Based on the standard model, the priority here is still to short, with the best entry being if the B-central B central level appears, aiming for a three-sell acceleration break. If you want to go long here, wait either for a trend reversal divergence or for a 1F three-buy setup. Currently, the position is not suitable for long entries.