$BTC Bitcoin Price Today: 1.03

Currently, Bitcoin has broken above the 90,000 downside trendline. This breakout itself is not very large, but its significance is very crucial because it directly changes the structural judgment of the medium-term and short-term trends.

From an overall perspective, the decline starting from 126,272, with its complete wave w confirmed at 80,537, is now in the larger x wave zone. This means that even a small upward breakout at a lower level can have a fundamental impact on the entire market structure, rather than just a simple rebound.

Based on the above analysis, with the 90,000 trendline being broken, both the medium-long-term and short-term structures have changed, and the market is now in the X wave. The target for wave c within the X wave will definitely break through the high of 94,000 set by wave a of the X wave, so the overall trading direction needs to shift accordingly, turning into a retracement to go long.