$BTC 8.1 Bitcoin price today: Since the peak of 123,300, Bitcoin has been oscillating in an extremely narrow range for about 18 days, with the fluctuations during these 18 days generally within a 5% range. The upcoming trend can now be confirmed as a converging triangle structure, which belongs to the X wave, used to connect the preceding and succeeding double sawtooth patterns.
Currently, the entire triangle has completed the four segments A, B, C, and D, and is now running the final E wave pullback. It is expected that the E wave rebound will be completed during the day today, reaching a

$BTC 7.31 Bitcoin price today: Bitcoin is currently trading around 117,000, after a whole segment of rise from 98,115, which has structurally ended. What is currently happening is a larger level adjustment, not a small wave correction, but an expansion adjustment in structure.
Structurally, we are currently in a double sawtooth adjustment structure: the first segment down from 123,300 is the W wave, and we are now in the X wave, which has not yet confirmed whether it has ended. It may end at the current position or may slightly retrace before ending. But in either case, we will soon see fu

$BTC 7.27 Bitcoin price today: Bitcoin is currently at the 118,000 level, and there has been no change in the overall structure. This move has already completed its c wave, with the bottom at the 114667 position, which means the entire fourth wave officially ended yesterday, and the rise of the fifth wave has officially begun.
The next steps are very clear: set the stop-loss point at 114667 and start going long on the fifth wave. More importantly, the direction is now clear, and the target for the fifth wave is also very clear, which is to challenge the previous high and even reach a new

$BTC 7.26 Bitcoin price today's market: Bitcoin is currently fluctuating around 117,000. If the current low is the entirety of wave c, then this position must be quickly pumped up, forming a clear reversal structure to be considered a completed adjustment. If not, it is also possible that this is just a part of wave c, for example, it has only completed wave c1, and now is the pullback of wave c2, with three more downward segments c3, c4, and c5 yet to come.
So whether this wave of adjustment for Bitcoin has ended depends on whether it can build a strong rebound structure today; otherwise,

$BTC 7.25 Bitcoin price today: Since the decline from the 123,300 line, Bitcoin has been moving sideways for almost 10 days now. The oscillation structure of the fourth wave is still ongoing, and the market has not provided a clear direction. From the overall structure, the rise that started from 98,115 has clearly established a five-wave structure for Bitcoin. This sideways adjustment is currently in its fourth wave, and after the fourth wave finishes, there will be a rise in the fifth wave.
Currently, from the wave pattern perspective, if this is indeed a large triangle, the five structu

$BTC 7.24 Bitcoin price today: Bitcoin has risen from 98,115 to the present, and we judge it to be a standard Elliott Wave Theory structure. Currently, we are in the fourth wave consolidation, and this fourth wave has been fluctuating for 9 days, which has caused quite a stir.
From a structural point of view, I personally lean towards the idea that we are currently in an expanding triangle structure, moving through the ABCDE E-wave, and we are now at the tail end of the E-wave. The E-wave could end at any time, or it might push up a bit more before coming down to finish, but overall it’s j