12.8 Bitcoin Trend Analysis: Bitcoin currently plans to short to around 87 above 90,000 for profit, and then switch to long in the 87-86 range to make the last C-wave rise to near 97 (Bitcoin)
12.8 Bitcoin Price Today: Bitcoin is currently at around 90,018, and today's first operational suggestion is very clear—open a short position here. Remember, this is a short position, not a large-scale trend short. The short position we are taking is to short this small-level decline. After it completes the decline, we will take the next round of C-wave rebound, which means we will go long on the next pullback.
Now let's look at the detailed structure from last night. Last night, the market suddenly surged with a very quick rebound and then ended rapidly. This structure usually represents a small-level C-wave in wave theory. In other words, the rebound from the low belongs to a small-level ABC structure, and the previous drop from 94,000 is also an ABC structure. Both segments consist of three waves, which means that the next segment is likely to move into a third segment of three waves, with the small-level C-wave decline right in front of us.
In summary, the current plan is to short to around 87 for profit, and then switch to long in the 87-86 range to make the last C-wave rise to near 97.
