$BTC 8.28 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with a downward trend expected in a double zigzag structure.
Currently, a rebound is anticipated around 114000, with a decline to the second zigzag expected near 98000.
If there is no rebound and it breaks down directly, the decline will not be deep, forming a guiding wedge, followed by a higher rebound, expected around 116000.
Continue to hold the medium to long-term short position, shorting near 114000, with a stop loss at 117000.
