$BTC 8.8 Bitcoin Market Analysis
The decline of Bitcoin from 70,000 constitutes a Z wave structure, which consists of three waves, abc. Bitcoin is now in the rebound cycle of the Zb wave, which will last for a few days and will fluctuate many times during the period.
Yesterday we opened a short order at around 57,000 and stopped profit at 55,000 this morning. After the rebound of the b wave ends, we will arrange the decline of the c wave.
Arrange a short order near 59,000.
