Formula to calculate the next phase pullback low point: The increase in this rebound wave after 3.11 is 88752-76560 = 12,192 The drop from 3.7 to 3.11 was 16,220 points, with 12,192/16,220 = 0.752, close to 0.786. Compared to SOL and ETH, which rebounded from the bottom to 0.618, this is a stronger level. 12192*0.382 = 4,657.344 12192*0.5 = 6,096 12192*0.618 = 7,534.656 12192*0.796 = 9,704.832 88752-4657 = 84,095 (has dropped) 88752-6096 = 82,656 (the next target to be retraced to, normal position, short position take profit point, short-term long point, monitor for take profit) 88752-7534 = 81,218 (the last strong support point close to 80000, normal position to go long, if 80k does not break, it is the bottom buying point) 88752-9704 = 79,048 (Support point after breaking the 80000 level, short-term buying point)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
btc:
Formula to calculate the next phase pullback low point:
The increase in this rebound wave after 3.11 is 88752-76560 = 12,192
The drop from 3.7 to 3.11 was 16,220 points, with 12,192/16,220 = 0.752, close to 0.786. Compared to SOL and ETH, which rebounded from the bottom to 0.618, this is a stronger level.
12192*0.382 = 4,657.344
12192*0.5 = 6,096
12192*0.618 = 7,534.656
12192*0.796 = 9,704.832
88752-4657 = 84,095 (has dropped)
88752-6096 = 82,656 (the next target to be retraced to, normal position, short position take profit point, short-term long point, monitor for take profit)
88752-7534 = 81,218 (the last strong support point close to 80000, normal position to go long, if 80k does not break, it is the bottom buying point)
88752-9704 = 79,048 (Support point after breaking the 80000 level, short-term buying point)