Bitcoin is declining in a WXY structure and is currently in the W wave downtrend. The W wave is a 5-wave downward structure. After the C4 wave rebound, there is still a C5 wave decline to test the previous low of 80600. The 4th wave may have completed. If a lower low is made on a smaller scale, you can plan for the 5th wave decline when it rebounds to around 91000.
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BigBrotherXimen
· 12-06 23:57
I'm really afraid of you, father. I hope you can be right just once.
$BTC 12.6 Bitcoin Trend Analysis
Bitcoin is declining in a WXY structure and is currently in the W wave downtrend.
The W wave is a 5-wave downward structure. After the C4 wave rebound, there is still a C5 wave decline to test the previous low of 80600.
The 4th wave may have completed. If a lower low is made on a smaller scale, you can plan for the 5th wave decline when it rebounds to around 91000.
#Trade Suggestion
Short in the 91-92 range.
#BTC走势分析 # Bitcoin