$BTC 8.6 Bitcoin Market Analysis
Bitcoin has broken the trend channel, which means that the market rhythm has been broken in the short term.
The current adjustment wave pattern is divided into WXYXZ waves, and the Z wave decline is divided into three sub-waves abc. It is now in the a wave stage of the Z wave.
If it rebounds to around 59,000, it is an opportunity to short, and the target is to look down to the support level of 45,000. If the 45,000 support level is broken, Bitcoin may continue to fall to the 36,000 range.
Place short orders near 59,000, and look down to around 45,000.
