$BTC 10.30 Bitcoin price today: Last night, Bitcoin experienced a big dump. The community actually opened short orders around 113,400 during the day, but considering there was a rate cut meeting at night, we took profit early to control risk, resulting in missing out on a very considerable profit. But it’s okay, there are always opportunities in the market; the key is to judge the direction correctly and maintain a steady rhythm.

From the current overall structure, it still leans towards the structure of Plan Two mentioned on October 27, which means we are currently in the consolidation phase of wave b. After completing this phase, we will enter the decline of wave c. The structure of wave b itself can be very complex; it may gain support in the current area and then push up once more to complete a higher extension of wave b, before starting the actual decline of wave c.

In summary, it is still uncertain whether the B wave has ended and whether the C wave has begun; further movement is needed before making a decision. A short-term position can be opened for a short long around 110000.