$BTC 5.11 Bitcoin price today: The Bitcoin market has plummeted and is currently near the critical $60,000 level. The range oscillation lasted for about 58 days, and the amplitude of the oscillation has gradually narrowed, and a change may be ushered in in the short term.
From the perspective of the wave structure, $56,700 may be the lowest point in this fluctuation, because a clear upward structure has been formed here. The current price correction is a fluctuating ABC structure, and the C wave may end at any time. It is recommended to continue to maintain long positions.
Yesterday, the community stopped profit of 60% of long orders at 63,000, and retained some positions for defense. Now the price has returned to 60,000 again, and some long orders have been added back. At the same time, if it falls back to around 56,000, long orders will be added again.
