$BTC 9.8 Bitcoin price today: Bitcoin is currently around 111,200. In terms of the overall direction, the swing trading perspective still maintains the judgment from August 30: we are currently in the x-wave fluctuation. The structure of the x-wave has a certain randomness, but the overall height remains unchanged. Previously, our medium to long term short order positioned in the upper range has already taken profit near 108000. Next, we will wait near the 116000 line to open new medium to long term short orders.

The fluctuation in the middle is relatively complicated in the short-term structure. Currently, a rebound starting from 107,211 has formed a three-wave ABC. After that, there was a small ABC movement on a lower level, and it may rise again, although the extent is uncertain. However, after the rise, there is a high probability of another downward movement. Once that is completed, it is expected to rise again and approach the target of our medium to long term plan. Therefore, this period of market behavior is mainly characterized by fluctuations, and short-term operations should take profits when available.
In summary, it is still in the swing trading x wave oscillation rebound structure, with uncertain small detail structures and high randomness, temporarily focusing on short-term trading.