$BTC 7.6 Bitcoin Market Analysis
The current price of Bitcoin is about $56,500. Yesterday's video analysis mentioned that Bitcoin may fall to the range of $55,000 to $53,000. The actual lowest point reached $53,329, close to the predicted target.
From the technical structure, Bitcoin's wxy wave has met the requirements of breaking through the x wave and reached the key support position.
Bitcoin may have the conditions for bottoming out, but it needs to wait for the confirmation of the small-level structure. It is recommended to go long after confirming the signal. The overall trend is still bullish.
After the small-level upward trend is formed, go long after stepping back.
