$BTC 5.24 Bitcoin Price Today: Bitcoin has dropped to around 107,000. We clearly warned yesterday that the market could end at any time, so do not return to choosing long, and be ready to choose short at the right moment. In terms of the medium-term structure, this round of recovery b could end at any time, and the first target for the pullback is "7".

We have always confirmed that although the small structure may have deviations, the large structure is rarely wrong. The current estimate is that wave b is nearing its end, and we will then enter a decline in the large wave C. The upward cycle has lasted for more than a month, and verifying the large structure takes time, but according to our long experience in technical analysis, directional errors rarely occur.

Based on the analysis above, maintain yesterday's structural analysis unchanged, you can keep short positions, let the market fluctuate a little and then see how it will swing and return.