#BTC may enter a complex consolidation stage again

Jun 11

📊#BTC may enter a complex consolidation stage again📉

🧠From a structural perspective, the bullish cup-and-handle structure failed as the bullish defense point fell below, which means we lost the reason to continue to be bullish. This means that we will most likely enter a complex consolidation stage at the weekly level again.

➡️From the perspective of wave theory, we are completing wave 3. After reaching the staged target area, there may be some rebound to complete wave 4.

Let's see 👀

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