Bitcoin is in a downtrend according to the WXY structure, currently in the W wave decline. Today, there is no clear direction for short-term trading, both upward and downward structures are possible, personally leaning upwards: The rebound is not over; there is still an upward wave c coming. The ABC rebound has ended; the subsequent movement will continue to break downward.
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$BTC 12.24 Bitcoin trend analysis
Bitcoin is in a downtrend according to the WXY structure, currently in the W wave decline.
Today, there is no clear direction for short-term trading, both upward and downward structures are possible, personally leaning upwards:
The rebound is not over; there is still an upward wave c coming.
The ABC rebound has ended; the subsequent movement will continue to break downward.
Risk Warning
This is only a market structure analysis and does not constitute any trading advice.
#BTC走势分析 # Bitcoin trend analysis