$BTC 8.29 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with a descending double zigzag structure.
Currently, a rebound is underway, with the rebound expected to reach around 114000, anticipated to last for 6-7 days.
The second zigzag's decline is projected to approach around 98000.
Continue to hold medium to long-term short positions, shorting around 114000, with a stop loss at 117000.