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$BTC 7.1 Bitcoin price today: Bitcoin is currently around 107,000, and Ether is at 2490. Yesterday we mentioned that it has not yet exited the consolidation range, and the market is still in the relay phase. The larger structure is in a-b-c three-wave form, and what we are currently experiencing is the decline of the c wave.
Based on the current trend, our judgment from yesterday morning has completely materialized. This current decline is the c wave pullback after the b wave, which is exactly what we referred to as the "final washout before the start." After this pullback ends, a new round of genuine upward movement will begin, so everyone should be prepared to buy in advance.
In summary, the volatility market has reached its final stage, and today we need to be prepared for a downward spike to enter long positions; normally, opportunities should arise in the evening.