$BTC 3.27 Bitcoin price trend today: In the current Bitcoin market, there are two mainstream views. One is that 73,881 is a top. The current rebound is just a counterattack in the ABC wave structure, and the market will continue to fall after that. Another view is that 60700 is a bottom, and the market will start a new round of bull market from here.
I personally prefer the former, because the market value of both ETF and Grayscale institutions has shown a net outflow, which shows that funds are not a net inflow and the market cannot support continued rise.
The current market structure is three waves of decline followed by three waves of rise. Once completed, the market may form a double top structure and continue to fall. Therefore, the overall view remains bearish.
