Bitcoin is declining and showing a WXY structure, currently most likely in the X wave rebound. At the smaller time frame, a triangle structure is forming; after consolidation completes, it will decline again. After the correction and decline, and once the correction phase ends, there will be a better rebound. Currently holding a short position.
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$BTC 12.30 Bitcoin Price Trend Analysis
Bitcoin is declining and showing a WXY structure, currently most likely in the X wave rebound.
At the smaller time frame, a triangle structure is forming; after consolidation completes, it will decline again.
After the correction and decline, and once the correction phase ends, there will be a better rebound. Currently holding a short position.
Risk Reminder
This is only an analysis of market structure and does not constitute any trading advice.
#BTC走势分析 # Bitcoin Price Trend Analysis