From the perspective of wave theory, Bitcoin is currently in the fifth wave (from September 6, 2024, to now), and this fifth wave is likely to be the terminal inclined triangle. The terminal inclined triangle has several characteristics: the first sub-wave, third sub-wave, and fifth sub-wave have increasingly smaller upward movements, and the trading volume is decreasing; the fourth sub-wave overlaps with the first sub-wave.

At present, it is still quite consistent; if Bitcoin falls below 109,000, it can be further confirmed.