This post has been reposted and liked over a hundred times, here's the latest market analysis with graphics～
BTC market analysis on the evening of 10.23
The following content was posted last night around 7 PM, transcribed from the community channel's voice message (thanks to 鼓鼓！): The movement of Bitcoin (BTC) indeed aligns with the second scenario we discussed yesterday, forming an ABC three-wave correction structure. First, we can consider the previous five-wave rise as Wave A, followed by a sideways consolidation as Wave B. The structure of Wave B is relatively complex, presenting a combined WXY pattern—I'll provide detailed annotations later. From the current trend, we're now in the descending Wave C. From the perspective of Elliott Wave Theory, this correction is likely a zigzag pattern, as Wave B's retracement of Wave A is around 38.2%...
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