$BTC 8.27 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with a decline expected in a double zigzag structure.
Currently, the first double zigzag has completed, and we are in the rebound phase, looking at around 114000.
After the rebound completes, the second zigzag decline begins, targeting around 98000.
Continue to hold medium to long-term short positions, shorting around 114000, with a stop loss at 117000.