The current trend of Bitcoin can be seen as a "squat-jump" process. The platform-type consolidation that started in August is the "squat" action, and its last fall (Wave C) is likely to end with an exhausted wedge around 108,500. This will be the first high-risk-reward shorting opportunity. When the price completes the "squat" and touches around 95,000, it is highly likely to form a multiple bottom divergence, declaring the end of the entire Wave W adjustment, followed by a strong Wave X rebound ("jump"), which will be at least 70% of Wave W, with BTC being around 117. This is just a projection; in reality, various signals need to be verified step by step. However, Mai Zi believes that it is currently possible to allocate a portion of the position!

BTC1.21%
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