$BTC 8.3 Bitcoin Trend Analysis
Bitcoin 5-4 wave adjustment, the 5-4 wave is composed of yellow line abc, currently the c wave decline is nearing its end.
c wave decline structure is complete, if there is an extension, it will spike one more time before ending, the difference lies in whether it makes a new low.
The next wave of 5-5 will first look at the previous high around 123300.
Around 112000, gradually position long orders.