$BTC 10.30 Bitcoin Market Analysis
Bitcoin has surged again, only $200 away from its all-time high. It broke through 71000 yesterday, forming a channel breakout, and is currently in the 3rd wave of the main upward trend.
The first small wave in the 3rd wave has increased by 17%, and the increase range of the 3rd small wave is 1-1.68 times the amplitude of the 1st wave, with a price range of 76100-82500.
Bitcoin is expected to rise above 80,000, and current long positions should be maintained; shorting is not recommended.
Continue to hold long positions. Avoid shorting.
