$BTC 11.26

The current price of Bitcoin is around $94,000, having dropped from a high of $99,660 to $92,000 last night, a decline of nearly $7,000. Analyzing the trend, the third wave of Bitcoin's rise is basically ending, and it is currently entering the consolidation phase of the fourth wave. This round of fourth wave consolidation will likely break below $90,000 or confirm support around $90,000. Once approaching this position, we can start planning for the rise of the fifth wave. The target for the rise of the fifth wave is approximately $100,000, which is the final goal of the first phase of this round. After reaching this position, Bitcoin will experience a significant correction, followed by a decline into the second phase, and then usher in a new round of rise in the third phase. It is currently basically confirmed that Bitcoin is in the consolidation period of the fourth wave. If it can reach below $90,000, we can gradually plan for the fifth wave.