$BTC 12.06 Today's Bitcoin price:

Currently, Bitcoin is around 89,300, officially breaking the support level of 90,000 that we emphasized yesterday. This break means that the previous possibility of wave 4 taking a zigzag form and the false break has been ruled out. The structure is starting to revert back to the most standard and direct model.
Since dropping from the 126,272 mark, our overall structure has remained unchanged, which is a complete 5-wave downward movement to finish wave c. Currently, Bitcoin is in wave 4 recovery within these 5 waves. After wave 4 is completed, it will move to the main wave 5 downward, and this trend has never changed. Now we just wait for it to break another lower low to confirm that wave 4 has ended, then wait for it to bounce back to the 92,000 area to enter a sell order for wave 5. The target for wave 5 is to break the old low of 80,000.
Summary analysis, wave 4 is likely to have completed. If the smaller frame creates another lower bottom, it may be time to wait for a bounce up to around 91,000 to enter a sell order for wave 5 to decrease further.$BTC ‌