$BTC 7.7 Bitcoin Trend Analysis
The overall target for Bitcoin remains at 130,000, and we are currently waiting for the last part of the Y-wave decline.
If a high point is reached, exceeding the small high of July 3 at 110,530, it will form a guiding wedge structure, resulting in a shallower decline, with a target around 103,000. If no high point is reached, the decline will be deeper, targeting around 100,000.
If the upward trend line is broken, the structure will change.
Short near 112,000, and wait for the Y-wave decline to complete before setting up medium to long-term long positions.