$BTC 8.9 Bitcoin Market Analysis
Bitcoin follows the structure of WXYXZ in the big cycle, and is currently falling in wave Z. Wave Z is divided into three sub-waves: Za, Zb, and Zc.
The current rebound of wave b is stronger than expected. It was originally expected that wave b would rebound to around 61,000, but now it has reached around 63,000. Normally, the rebound of wave b will not exceed 80% of the amplitude of wave a, which is around 65,500.
Today, wait-and-see is the main focus at noon, and decide whether to enter the market in the afternoon based on the specific market situation.
Place short orders around 63,000, with a stop loss of 65,150.