$BTC 5.19 Bitcoin Trend Analysis
Bitcoin has broken through the triangle as expected, forming a double zigzag structure. Currently, it is in the second zigzag's wave C.
Last night's pullback was significant, and the last segment of wave C ended with a yellow short c, making it uncertain whether it will rise normally with a white c wave above 110,000.
If it falls below 102,800, then wave C will end; if it doesn't fall below, there is still a possibility of a normal c wave reaching 110,000.
Long positions have been stopped out, and currently, the focus is on observation.