On December 3rd, the price of BTC rose from 84K to 94K, and now it has returned from 94K to 89K. If nothing unexpected happens, the price will likely test 84K again, but I believe the probability of breaking the previous low is only 30%.

The market still needs another acceleration downward and a pin bar. Even if luck is on our side and a new low is broken, the price won't be too far from the previous low. Therefore, this round is still defined as a bounce in a downtrend, and the second wave has not ended yet.

When the price of this coin $pippin rises to 0.33, I think it has reached its peak, at least completing the super flat three-wave structure. Who would have thought that the price is now stabilizing above 0.33 and has broken a new high? However, this still belongs to the flat three-wave; at most, it is a secondary standard five-wave within the flat three-wave, and it won't go far.

That said, this K-line master is quite accurate with the nodes. After spending a long time in the trading market, one becomes accustomed to strange occurrences. I believe we are almost at the end of this short position.