$BTC 7.5 Bitcoin price today's market: Bitcoin is currently at 108,200, Ether is at 2517, all long orders are advised to take profit!

Currently, the overall mid 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 drop last night tends to suggest that the decline from 111,959 is just a W wave, and this wave of rise is the X wave, meaning that the correction of the Y wave has not yet emerged. This indicates that there may still be a drop probing near 100,000, which is the retracement of the Y wave.
In summary, all long orders for both medium to long term and short term have been taken profit. Open a short order around 108800 for Bitcoin, laying out a wave y short, with a default stop loss of 5 points on the spot.