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$BTC Bitcoin Price Trend Analysis
Bitcoin is currently in the tail end of the second decline, which may either end or form another small low. Two possible future trends:
1. White line: Double zigzag structure. Currently, the WXY's Wave W decline is ending, followed by an X wave rebound, with a relatively high rebound height and a deeper decline.
2. Yellow line: 5-wave structure. Currently, Wave 3 decline is ending. The subsequent Wave 4 rebound will begin, with a low rebound height and a shallow decline.
The bottom is expected in the 60,000 to 50,000 range.
Risk warning: This is only an analysis of market structure and does not constitute any trading advice.
#btc # Bitcoin Price Trend Analysis