$BTC 12.06 Bitcoin Price Today:

Currently, Bitcoin is around 89,300, having officially broken the 90,000 support level that we emphasized yesterday. This breakout means that the previous possibility of wave 4 taking a zigzag form and a false breakout has been eliminated. The structure is now returning to the most standard and direct model.
Since the drop from 126,272, our entire large structure remains unchanged, which is a complete 5-wave decline to finish wave c. Currently, Bitcoin is in the wave 4 recovery phase of these 5 waves. After wave 4 completes, the main wave 5 decline will follow—this trend has not changed. Now we are just waiting for it to break another lower bottom to confirm that wave 4 has ended, then wait for a rebound to the 92,000 area to enter a short position for wave 5. The target for wave 5 is to break the previous low of 80,000.
In summary, wave 4 is likely complete. If a new lower bottom forms on the smaller timeframe, you can wait for a rebound to around 91,000 to enter a short position for the next wave 5 decline.$BTC ‌