Interpretation of cryptocurrency market on OCT 19 2022

Yesterday, the market was still very deserted. The price fluctuation of BTC was less than 2%, and the price of ETH was less than 3%. Our thinking is relatively long-term. Unless the global market changes drastically, the general direction will not change in the next few years. In the short term, it is still possible to refresh new lows and take five waves down. But even if it is a new low, the price will not be too low; Moreover, if the new-low will not be refreshed in the future, the wave pattern is divided into ABC, and the BTC price around $17,000 has been counted as the end of the C wave. Rather than struggling with how the bear market ends, it is better to plan for the subsequent bull market directly.

Always remember that the purpose of the final phase of a bear market is to dissuade investors. With continued sideways to kill patience and a sudden plunge to dampen confidence, and then disrupt investors' belief in the bull market. In this regard, we must stay awake and not let the low-price chips and positions in our hands be deceived. After all, the Bitcoin price below $20,000 is in the bottom range even if it is not the lowest in front of the height of the next bull market.