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7.11 Bitcoin price trend analysis
The decline that started from 126,000. It’s currently showing two ABC structures of the same level on a larger timeframe. We are now in the B-wave rebound of the second ABC.
Whether we can make another higher high today determines how deep the subsequent pullback will be. After the pullback, continue to look bullish, and wait for the pullback to take long positions.
Risk warning: This is only an analysis of market structure and does not constitute any trading advice
#BTC