Since the overall Bitcoin price fell from 69,000, it has formed a wxy wave structure. Currently, Bitcoin is in the adjustment stage of wave x, and wave x presents a complex three-wave adjustment structure.
Bitcoin's small level follows a double sawtooth downward structure. It has completed the decline of the first sawtooth and the intermediate consolidation stage, and has now begun the decline of the second sawtooth. Still consider placing a short order and set the stop loss at a nearby high point.
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Bitcoin rebounded to around 27800 and continued to establish short orders
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