$BTC 12.06 Bitcoin price today:

Currently, Bitcoin is hovering around 89,300, having officially broken the 90,000 support level that we emphasized yesterday. This break means the previous possibility of wave 4 taking the form of a zigzag and a fake breakout has been eliminated. The structure is now returning to the most standard and direct pattern.
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 wave 4, a retracement within these 5 waves. After wave 4 completes, the main wave 5 decline will begin, and this trend has never 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 zone 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 may have already finished; if a smaller timeframe forms another lower bottom, you can wait for a retracement to around 91,000 to enter a short position for wave 5 to continue the decline.$BTC ‌