Technical analysis by jherryPowell about Symbol BTC: Buy recommendation (5/23/2023)

BTC:It is still recommended to buy on dips Hesitant, give the opportunity to enter Bitcoin has been constantly testing patience recently, consuming the determination of long-watchers through the lengthening of the time span, but facing the approaching support below, it is still necessary to pay attention to the long opportunities of 26600 and 25300.For Bitcoin operations, it is recommended to buy at 26,700, with a stop loss of 26,100 points, and a target of 27,600~29,000~30,000. The chart is a daily chart of Bitcoin Bitcoin's decline is based on the following point 1. The Bitcoin daily line forms a sub-level shock range, and the direction of breaking the range here will determine whether the mid-term adjustment is over. 2. According to the research and judgment of the wave trading system, the current three-wave adjustment of C Wave 2 has occurred, and it is not ruled out that C wave 3 will start to rise in the near future. 3. The upper pressure is 30,000~31,000, and the lower support is 26,600~25,300.