The current state of Bitcoin is still in a state of fluctuation. During this time, many people are actually in a period of confusion regarding the market. From the perspective of the wave cycle, Fang prefers to first move towards a 5-wave adjustment to around 72000, and then bounce back. The lower price of 72000 is the limit for this year's adjustment, and the area below 70000 is dense. So should we lay in ambush for spot? In fact, even if the recent adjustment price goes to 70000, we should not act rashly. Until an absolute bottom is established, there is still a possibility of being deeply trapped. Recently, it is advisable to observe the market. The main trend still looks towards fluctuation and rebound. After the rebound, we can consider clearing some altcoins and then buy them back next year. Today's support is around 85500.