Technical analysis by jherryPowell about Symbol BTC: Buy recommendation (6/7/2023)

Bitcoin backs up again After Bitcoin touched the strong support below again, it counterattacked and opened higher during the day. It also reconfirmed the support below, and continued to stay low and bullish following the upward trend of the large structure.For Bitcoin operations, it is recommended to buy near 26,500, with a stop loss of 25,900 points, and a target of 28,500~30,000~31,000. The chart is a daily chart of Bitcoin Bitcoin bullish is based on the following points 1. Bitcoin's daily line will start to rise from the 50% line of the golden section, and it will gradually overcome the relatively high point in the early stage in the later stage. 2. According to the research and judgment of the trading system, the current three-wave adjustment of C Wave 2 has evolved into a five-wave adjustment pattern, which is the rare triple three-wave structure WXYXZ, and C wave 3 has been activated. 3. The upper pressure is 28500~30000~31000, and the lower support is 26500~25900.