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4BTC 7.22 Bitcoin price market today: Bitcoin has pulled back from the position of 123,300 for eight days now, and this period of sideways fluctuation is getting longer and the structure is becoming more complex. My first piece of advice for everyone today is: prioritize risk prevention.
Structurally speaking, this may have completed the wave a decline from 123,300, and is now constructing a triangular structure for wave b. Currently, this segment is still in wave e of wave b, which means that if this structure holds, the next step should be a downward move for wave c.
In summary, starting today, take a slightly white route and open a layer of short positions around Bitcoin 118500 in batches.