$BTC 9.4 Bitcoin Market Analysis
Bitcoin has started to move down. A five-wave down structure has been formed at a small level, and the first target of the decline is around $55,000. If it breaks, it is expected to reach the previous low of around $48,888. Therefore, it is not recommended to buy the bottom at will.
Short above 58,000, and look at the 55,000-56,000 range for decline.
