Bitcoin’s decline from $48,750 was a five-wave downward structure. This decline is almost complete, and there will be a counter-draw, and after the counter-draw, it will continue to drop.
The short order will take profit near 41700, and after the counter-draw is completed, another short position will be placed in the range of 44400-45300. Whether to make a short-term long order depends on the situation.
