$BTC 8.6 Bitcoin Trend Analysis
The large structure of Bitcoin is a wedge structure in 5 waves, currently in the 5-5 wave upward trend.
The 5-5 wave is generally divided into three sub-waves: abc, and we are currently in the upward movement of wave a. Last night's pullback was just an adjustment structure, we continue to be bullish.
The first target is around 120,000, and the second target is above 123,300.
Continue to go long around 114,000, with a stop loss at 111,500.