$BTC 7.9 Bitcoin market analysis: Bitcoin is in a B-wave consolidation and rebound cycle, and it is also in a rebound-and-rally cycle after the daily low-related bottom divergence. On the smaller time frame, after a 3-wave decline it moved into a 3-wave rise; it has now entered another 3-wave decline. There are two possibilities: a combined pattern that ends the move, or a platform-style 5-wave decline. It is expected that the overall structure will finish today, that the mid-range consolidation zone will also end, and then the price will continue rising.

Hold Bitcoin long positions. If it drops another leg, it is expected that you will add to the position at the support level. Ethereum’s structure is stronger than Bitcoin’s, but there is concern that Ethereum’s structure is lagging by half a step, so pay attention to the difference in the pace. From the current structure, it has already gone through a 3-wave decline; it may be ending or moving into a 5-wave leg, so be prepared for the expectation to add to the position again after another downward push.

Overall, the outlook on the structure remains unchanged: it is expected that the consolidation will end today. The current strategy is to wait patiently and endure the time. If a pullback occurs, add to the position according to the plan. Risk warning: Market volatility is severe, and the risk of contract trading is high. Please make a cautious decision based on your own situation, and strictly control risk.