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The Bitcoin trend at the end of December can be understood using the WXY structure. Currently, it is stuck in the downward phase of wave W, and the future movement is still uncertain.
From a technical perspective, there are two possibilities:
One is that the rebound has not fully completed, and there will be another upward C wave. In this case, the outlook remains bullish.
The other is that this ABC rebound has already peaked, and the next step is to continue downward, entering a new decline cycle.
In the short term, the direction is indeed unclear, as both structural scenarios have their technical conditions. It’s advisable to wait and see, and act only when clearer signals emerge.
It should be noted that this is purely a technical analysis based on market structure and should not be used as the basis for trading decisions. The specific approach should also consider your own risk tolerance.