$BTC 11.26 Bitcoin Market Analysis
The third wave rise of Bitcoin is basically coming to an end, and we are currently entering the fourth wave consolidation range. This round of the fourth wave consolidation is likely to break below $90,000, or confirm support near $90,000. Once approaching this position, we can start to layout for the fifth wave rise.
The target for the fifth wave rise is approximately around $100,000, which is the target for the first phase of this round. After reaching this position, Bitcoin will see a significant correction, then enter the second phase of decline, followed by a new round of rise in the third phase.
It is currently basically confirmed that Bitcoin is in the fourth wave consolidation period. If it can reach below $90,000, we can gradually layout for the fifth wave.
Layout long positions below $90,000.
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