$BTC 12.30 Bitcoin Price Today: Bitcoin is currently around 87,000. To be clear, do not go long at this position; this round of decline has not yet ended. From the overall structure, after Bitcoin retraced from a high, this middle section is entirely a consolidation zone during the downward process.

From a smaller timeframe perspective, a short-term rebound is possible, but regardless of the movement, there is only one final rhythm: a move downward that must at least break below 84,398. Under normal circumstances, there is a chance to see around 82,000. Whether it is a standard breakdown or a slight breach, it will depend on the strength of the decline. The conclusion is very clear: even if there is repeated consolidation, the overall trend remains bearish. Do not be fooled by the consolidation.

In summary, the outlook for Bitcoin and Ethereum remains unchanged: after consolidation, a decline will follow, and only after completing this move will a better rebound occur. Ethereum still needs the final segment of wave Z to be complete.