$BTC 7.23 Bitcoin Trend Analysis
Bitcoin is currently in the fifth wave of an upward trend, aiming for above 130,000.
The overall rise is nearing its end; after finishing the 5th wave in the next couple of days, we will start a mid-term bearish outlook, looking for a drop below 98,000.
The fifth wave consists of 5 sub-waves, and we are currently in the 3rd wave of the upward trend. It is not recommended to chase higher prices; focus on risk management.
Continue holding long positions around 118,000.