Market Analysis + Suggestions:
#$BTC 7.5 Bitcoin price today's market: Bitcoin is currently at 108,200, Ethereum at 2517, all long positions are suggested to take profit!
Currently, the entire medium to long-term upward direction of Bitcoin has not changed at all, still moving from 74,457 to 111,959 in a major wave up. However, the depth of the spike drop last night tends to indicate: the drop from 111,959 is just a W wave, and this wave up is an X wave, while the correction of the Y wave has not yet emerged, which means there may still be a drop approaching around 100,000, which is the retracement of the Y wave.
In summary, it is suggested to take profit on all medium to long-term and short-term long positions. Bitcoin
Open a short position around 108800, setting up a Y wave short, with a stop loss defaulting to a 5-point range of the spot.