$BTC 8.3 Bitcoin price today: Bitcoin hit a low of 111,910 last night, just below our previously set long position target of 112,000. This position is the expected starting point of the Elliott Wave Theory rise, so it is currently the time for long positions to enter.

Structurally, this wave of decline has completed a full five-wave structure of the c wave. Without considering any extensions, this wave may have ended. If there is an extension, it means there will be a pullback followed by another drop before it ends. The only difference is whether the lowest point creates a new low, but it does not change the judgment that we are close to the end of the adjustment.

In summary, the mid-term level 5-4 wave adjustment is at its final stage, and the structure is basically complete. The position for entering long positions for the 5-5 wave rise is now available and can be executed in batches.$BTC