$BTC 12.29 Bitcoin Price Today: Bitcoin is currently trading around 87,000. The overall trend over the weekend has been very subdued, remaining within a very narrow range with sideways fluctuations. The community has not engaged in new trading operations in the past two days, and the pace has slowed down.

Looking back at yesterday’s technical analysis, Bitcoin still has not broken out in a clear direction. The decline starting from the 94,652 level, if viewed as an a-wave, suggests that the current sideways consolidation is more likely a triangle pattern. Once the triangle consolidation is complete, it will form a b-wave structure. According to the usual rhythm, there is a high probability that a c-wave decline will follow. Therefore, Bitcoin is currently mainly waiting for the structure to be validated, with the overall judgment remaining consistent with yesterday’s analysis. Until the pattern is complete, there is no rush to take action.

In summary, Bitcoin, Ethereum, ZEC, and BCH are all in broad-range consolidation structures. Only after the completion of the current wave can new trading opportunities emerge. The current approach is to observe more and act less.