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7.9 Bitcoin Trend Analysis
The decline from 126,000 has formed two ABC structures of the same level on the larger timeframe. The current wave is the B-wave rebound of the second ABC structure.
On the smaller timeframe, prices are oscillating and declining within a consolidation range. Add long positions when the price retraces to around 61,000-60,000, with the upside target near 70,000.
Risk disclaimer: This is only a market structure analysis and does not constitute any trading advice.
#BTC走势分析 #比特币