Banmu Xia: Bitcoin may form a platform-type correction structure, and there could be two trading opportunities in the future.

BlockBeats News, November 11th, Chinese crypto analyst Ban Mu Xia stated, “Since August, Bitcoin’s market has been in a plateau-like structure. The current C wave may be the end of a wedge pattern, which could form the entire W wave of the correction. Around $108,500 to $110,000, there may be a high risk-reward shorting opportunity. If the price continues to make new lows around $95,000, it is expected to form a three-part bullish divergence, and combined with the completion of the plateau structure, it could trigger a Y wave rebound, aiming to recover more than 0.7 of the W wave height. At that point, high-quality long opportunities may emerge. All of the above are predictions and need to be gradually validated through trading.”