$BTC 7.31 Bitcoin Trend Analysis
The upward trend from 98115 to 123300 has ended.
The adjustment level from 123300 to now has expanded, and this is not a 4th wave adjustment, but rather a double zigzag adjustment structure.
Currently, we are experiencing an x wave rebound, followed by a second zigzag decline, with support around 110,000.
It has been 16 days since the adjustment from 123300, and it is expected to last around 25 days.
Exit long positions and short around 118700.