$BTC 12.11 Bitcoin Price Today: Bitcoin has now risen to around 92,300. In the previous video, we discussed that Bitcoin is currently forming a consolidation triangle, and this triangle is most likely to break upwards, completing its wave c rally.
We can now confirm that Bitcoin has successfully broken above the upper boundary of the triangle consolidation, entering the main upward phase.
Currently, we are in the wave c wave two retracement stage. The current support level is around 91,300. Structurally, this retracement is a normal correction and a very standard wave two pullback pattern. A retest here is a good opportunity to go long again.
Overall, Bitcoin's mid-term structure remains bullish and continues to be optimistic. The current rally has not ended yet, and the main upward wave c still has room to complete. It is expected that there will be further upward movement.
In summary, the market is currently in the final wave of rally C wave, specifically wave C2 retracement. Hold long positions and continue to do so.
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BigBrotherXimen
· 12-11 19:06
You car wall roar
View OriginalReply0
CanYouCheckMyWaterF
· 12-11 08:00
You think you can jump to the top in just a month or two? That's funny.
$BTC 12.11 Bitcoin Price Today: Bitcoin has now risen to around 92,300. In the previous video, we discussed that Bitcoin is currently forming a consolidation triangle, and this triangle is most likely to break upwards, completing its wave c rally.
We can now confirm that Bitcoin has successfully broken above the upper boundary of the triangle consolidation, entering the main upward phase.
Currently, we are in the wave c wave two retracement stage. The current support level is around 91,300. Structurally, this retracement is a normal correction and a very standard wave two pullback pattern. A retest here is a good opportunity to go long again.
Overall, Bitcoin's mid-term structure remains bullish and continues to be optimistic. The current rally has not ended yet, and the main upward wave c still has room to complete. It is expected that there will be further upward movement.
In summary, the market is currently in the final wave of rally C wave, specifically wave C2 retracement. Hold long positions and continue to do so.