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$BTC Today's Bitcoin price is 9.25: Bitcoin is currently above 113,000. Yesterday we updated the structure of wave x, evolving from a simple trend to a more complex wide oscillation structure. This means that Bitcoin will first undergo a period of wide oscillation, and after the oscillation ends, it will make a move upward to complete wave x.
From a small-level structural perspective, the current market is in a rebound phase. The rebound range predicted yesterday was 113,800–114,800, and last night it reached 113,800, with a possibility of hitting the 114,800 line later. If this rebound structure is indeed formed, we will consider re-establishing short positions at high levels. Therefore, the focus is currently on short-term long positions, with quick switches between long and short overall, primarily based on short-term operations.
In summary, the overall structure remains unchanged from yesterday's view; the detailed trend rebound should not be over yet, and today we should primarily wait for a pullback to make short-term longs.