$BTC 12.06 Today's Bitcoin Price:

Bitcoin is currently in the 89,300 range, having officially broken through the 90,000 support level we emphasized yesterday. This breakout means that the previous possibility of the fourth wave forming a zigzag pattern with a false breakout is no longer valid. The structure has now reverted to the most standard and straightforward pattern.

Since dropping from the 126,272 level, our overall structure has never changed, which is a complete five-step downward wave to complete wave c. Currently, Bitcoin is in the fourth rebound wave of these five waves. After the fourth wave is complete, there will be a fifth wave as the main downward phase—this direction has never changed. Now, we're only waiting for one more drop to confirm the end of the fourth wave, then waiting for a rebound to around 92,000 to open a short position in the fifth wave. The target for the fifth wave is to break below the previous low under 80,000.

Based on the above analysis, there is a possibility that the fourth wave has already ended. If, on a smaller scale, there is another decline, you can wait for a rebound to around 91,000 to open a short position on the fifth downward wave.