$BTC 1.1 Bitcoin Market Analysis
Bitcoin is likely forming a head and shoulders structure at a larger scale, currently constructing the right shoulder.
The right shoulder WXY rebound is missing one Y wave rebound, with both W and Y waves continuing for 5 days; Y wave is currently at 1 day, which supports further rebound in terms of time.
Continue to hold long positions, move the stop loss up to 91000.