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$BTC 12.31 Bitcoin Price Movement Analysis
Bitcoin is experiencing a decline, showing a WXY structure, currently most likely in the X wave rebound.
At the smaller time frame, a triangle structure is forming; after consolidation, it will decline again.
After the correction and decline, and once the correction phase is complete, a better rebound will occur. Currently holding a short position.
Risk Warning
This is only an analysis of market structure and does not constitute any trading advice.
#BTC #BTC Price Movement Analysis