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$BTC 12.7 Bitcoin Trend Analysis
Bitcoin's decline is following a WXY structure, currently in the W wave downtrend.
The W wave is a 5-wave downward structure. After the C4 wave rebound, there will be another C5 decline to test the previous low at 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.
#Trading Recommendation
Short in the 91-92 range.
#btc # Bitcoin Trend Analysis