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$BTC 7.5 Bitcoin price today: Bitcoin is currently at 108,200, Ether is at 2517, all long orders are advised to take profit!
Currently, the overall medium to long-term upward direction of Bitcoin has not changed at all, still rising from 74,457 to 111,959 in a large wave. However, the depth of the spike and drop last night leans towards the belief that the decline from 111,959 is only a W wave, and this wave of increase is the X wave, while the pullback of the Y wave has not yet occurred. This means that there may still be a drop approaching 100,000, which is the retracement of the Y wave.
In summary, all long orders for medium to long term and short term have taken profit. Open a short order around Bitcoin 108800, laying out a y-wave short, with a default stop loss of 5 points from the spot margin.