Bitcoin is declining according to the WXY structure and is currently in the W wave downtrend. The W wave is a 5-wave downward structure, and it's now in the C4 wave rebound. After the rebound, there will be another C5 move down. C4 may form a triangle or a double zigzag pattern. Key support at 90,000 needs to be observed.
#TradingSuggestions Wait for a rebound to go short.
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$BTC 12.5 Bitcoin Trend Analysis
Bitcoin is declining according to the WXY structure and is currently in the W wave downtrend.
The W wave is a 5-wave downward structure, and it's now in the C4 wave rebound. After the rebound, there will be another C5 move down.
C4 may form a triangle or a double zigzag pattern. Key support at 90,000 needs to be observed.
#TradingSuggestions
Wait for a rebound to go short.
#BTC走势分析 # Bitcoin Trend Analysis