Bitcoin has likely peaked, and what we are currently experiencing is actually a large-scale adjustment in the downward A-wave. He reminds everyone to pay special attention to the two key support levels of 92,000 and 70,000. If it falls below 108,000, it may signal a major trend change. As for the rebound, regardless of its strength, until it breaks through the previous high of 124,474, it should be treated as a B-wave rebound, and do not rush to chase it as a new bull market.

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