1.24 Bitcoin is in a downward correction cycle, and the decline is divided into three waves ABC. At present, the first A-wave decline has a complete structure and is likely to be completed. It is expected that there will be a B-wave rebound, and then there will be a C-wave decline. The entire downward cycle is expected to last about a month.
The rebound of wave B may not be large, and it is not recommended to open a long position in Bitcoin to gamble on the rebound.
