$BTC 1.30 Bitcoin price today: A sudden news impact has caused a market-wide crash, completely negating the previous 'new highs completing wave X' white route.
Currently, there are only two possible structures: one is that wave X has ended at $98,000, and we are currently in the downward movement of wave Y (yellow route); the other is that the current drop is merely an adjustment sub-wave within a more complex wave X, with a final rebound still to come (red route).
The key point of judgment is whether the integer level of $80,000 can hold. From a smaller scale perspective, the drop from the peak has already completed five waves, and the current weak rebound may only be a continuation of the downtrend, so participation is not advised. It is recommended to watch more and act less, focusing on observation.
