$BTC 7.8 Bitcoin price analysis
The main target for Bitcoin remains at 130,000, and we are currently just waiting for the final Y wave drop washout.
If it hits a high point, exceeding the small high point of 110530 on July 3rd, forming a guiding wedge structure, then the decline will be shallower, with a target around 103000.
If it doesn't hit a high point, it will drop deeper, with a drop target around 100000.
Breaking below 106700 confirms the arrival of wave Y.
#Order Suggestions
Short near 112000, wait for the Y wave decline to finish before positioning long-term buy orders.
