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Banmu Xia: Bitcoin may form a platform-type correction structure, and there could be two trading opportunities in the future.

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BlockBeats News, November 11th, Chinese crypto analyst Ban Mu Xia stated, “Since August, Bitcoin’s market has been in a plateau-like structure. The current C wave may be the end of a wedge pattern, which could form the entire W wave of the correction. Around $108,500 to $110,000, there may be a high risk-reward shorting opportunity. If the price continues to make new lows around $95,000, it is expected to form a three-part bullish divergence, and combined with the completion of the plateau structure, it could trigger a Y wave rebound, aiming to recover more than 0.7 of the W wave height. At that point, high-quality long opportunities may emerge. All of the above are predictions and need to be gradually validated through trading.”

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