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Bitcoin went from 24,700 to 31,900 for 29 days before starting to retrace. In this period of retracement, it takes more than or equal to 20 days of shocks and downwards to end the entire wave structure and start a new rise.
The day before yesterday, I made a long order at 28,800 to win the rise of the X wave. But last night the price dropped below 29,000 again, knocking out our stops. Now the price is hovering around 29,200, and many people don't know what to do. In fact, from a structural point of view, as long as it does not break through 28,550, the X wave is not over yet, and it may go up for a while. And from the time point of view, the X wave also needs more than or equal to 5 days to complete.
So today we still choose to continue to do long at 29200, with a stop loss below 28,550 and a target above 30,000.