On January 24th, we pointed out that Bitcoin fell from 49,000, presenting an ABC decline structure. On the 27th, the details were basically reconfirmed, and there was basically no change, just such an ABC decline structure.
The rebound of wave B is also expected to be a three-wave rise structure. At present, it is basically consistent with our expectations. After the three waves fell from the 49,000 position, what is currently underway is a three-wave rebound. After the rebound, there will be another C wave decline.
