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$BTC 7.1 Bitcoin Trend Analysis
The decline starting from 126,000, on the larger timeframe, forms two ABC structures of the same level. Currently, it is the B-wave rebound of the second ABC.
The B-wave consolidation zone was originally expected to follow an abc structure, but it could also form a triangle structure of abcde.
Overall, it remains range-bound. It is expected that the first half of July will still be dominated by consolidation, after which it will continue to decline as the major C-wave.
Risk Warning: This is only an analysis of the market structure and does not constitute any trading advice.
#BTC走势分析 #BitcoinTrendAnalysis