Is this the Z-1-2 of the fourth wave on the weekly chart or the (5)-1-2 of the fifth wave on the weekly chart? What signs can help us determine this?

The current position is a very delicate position, and the next market trend will have a significant impact on the future trend. Because it can be either the second wave of the first driving wave of the Z wave (a triple three wave structure Z wave), or the (5)-1-2 stage of the weekly five waves. To determine which one it is, we need to see what kind of trend they should each have in the future.
1. The reasons for supporting Z wave are as follows, and the subsequent trends to be followed are also as follows:
(1) If it is a 4th wave Z-wave, we preliminarily determine that the top of wave XX is around the previous high of 68400. Therefore, if there is a rebound here, the price should not exceed 68400 in principle, because wave XX is most likely a simple wave pattern. Currently, it already appears to be a very complete 3-3-5 structure, which is very consistent. If it continues with an extended wave, it will disrupt the typical wave pattern of XX.
(2) The MA120 is currently in a downward trend, and the price needs to remain above 68000 in order for the MA120 to turn upward. This point is important because the market needs to show the strength of long positions, which is reflected in the overall large-scale 4-wave adjustment structure, which is still an Accumulation phase. That is to say, if the MA120 remains at such a high level and continues to turn upward, otherwise, out of respect for the fourth wave, CM's entry needs to wait for the adjustment stage of the Z wave to be completed or for the structure to break through the Z wave and turn upward.
（3）If it is Z-1-2, there will be a relatively long period of oscillation adjustment here, because the deduction prices of MA14 and MA28 are still below, and it is in a golden cross state here, so it is unlikely to go down immediately. The price will oscillate and adjust here for a period of time, and finally, after the MA14 28 death cross, it will diverge downward and start to move Z-1-3.
2. The reasons for supporting the 5-1-2 disk are as follows, and the signs that will appear are as follows:
(1) The MA14-28 completed the golden cross on the plate and diverged upwards.
(2) There is a supply of shorts on the market, but the trading volume is not very strong. If this trading volume is maintained today, it indicates a decrease in the volume of short positions here.
（3）Hash Robbin 发出buy的信号，Hash Robbin的信号，是一种强势信号，至少代表着，Mining Farm的供应将减弱，Mining Farm对后市更加看好。Computing Power开始增强涌入。
(4) Fundamental Impact (This is not my strong point, but I'll still mention it) After the increased likelihood of Trump's election, the market's expectation of interest rate cuts + point shaving has strengthened.
(5) The weekly 5-1-2 will not be a long-term corrective wave, because with the large-scale Accumulation of the fourth wave, there are very few chips on the upside, and it is not difficult for the price to rise. Therefore, there will not be a long stay here. After the short-term adjustment structure is completed, the price will break through the high point of 68400. (So this is also the reason why 4h shorts must stop loss, and daily shorts who entered at the top also need to stop loss here, because half of the reasons for this short have failed.)
(6) After the price breaks through 68400, it needs to adjust immediately and maintain a strong adjustment above this price. If possible, it is better for the price to maintain an adjustment above 70,000, waiting for MA12-28 to gradually approach MA120, and for MA120 to start turning upwards. This will form a strong long positions trend in the medium to long term.
Therefore, the subsequent market trend will greatly influence our judgment of the market, and the following operations are expected:
Shorts perspective:
1. Short on the daily timeframe. If the short order on the daily timeframe enters above 67000, continue to hold. If the price does not return to 68400, the short order on the daily timeframe will continue to hold.
Short at the 2.4h level, regardless of the entry price for the short order at the 4h level, if the price goes back above 67200, you need to exit.
3.1h level short, 1h level short, can't enter the market now. If entered before, exit near the price of 67000.
Longs perspective:
1. If the daily long position is entered below 60,000, and the price does not fall below 59,000, the long order should be held. If the price exceeds 68,400, aggressive traders can add some positions, while conservative traders can consider pullback increase the position when the price breaks 72,000.
2. If it is a 4h long, if entering below 62400, set the stop loss at the original price; if entering at a price above 66000, set the stop loss at 62400 if it falls below. If the price exceeds 68400, consider adding some positions based on the quantity of positions.
3.1h level long, if it is a long above 66000, consider stop loss; if it is a catch the bottom near 64000, stop loss at the original price.
In my personal opinion:
I am short on personal positions, and the reasons have been mentioned many times. I won't repeat them, and Hash Robin does not affect the adjustment of the daily level.
However, the current price is not suitable for entering the short order at the 1-hour and 4-hour levels. It is necessary to wait for a short-term structure's higher high to appear with a better risk-reward ratio. Of course, if this point appears quickly, it's better not to go short. Only the higher high produced after a lengthy adjustment is worth entering.
(Transferred from TV-Maple-leaves)