$BTC The Bitcoin price today is 11.26: Bitcoin is currently fluctuating around 87,500. Yesterday it was suggested to short near 89, and indeed the market moved downwards for a while yesterday, with the overall trend within expectations.

The price is now oscillating around 87500, and we continue to remain patient here. The overall structure of Bitcoin is still in the rebound of the third and fourth waves. The nature of this rebound is quite random, with high uncertainty regarding its height and details; we must observe as we go.

But what is certain is that from the rebound at 80,500, there will at least be two sets of ABC structures, meaning the rebound is not over yet. What we are doing now is to keep an eye on whether there is an opportunity to make another downward move, and once it drops, that will be a better entry point. If it doesn't drop and goes straight up, we can just follow the structure and see where it goes.

In summary, the overall rebound of Bitcoin is not yet complete. If it can retrace to around 85000, consider taking a short position.