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$BTC 7.5 Bitcoin price today: Bitcoin is currently at 108,200, Ethereum at 2517, all long orders are recommended to take profit!
Currently, the overall medium to long-term upward trend of Bitcoin has not changed at all. It is still in a large wave up from 74,457 to 111,959. However, the depth of the pin bar drop last night leans more towards the belief that the decline from 111,959 is just a W wave, and this wave of increase is the X wave. The pullback of the Y wave has not yet emerged, which means that there may still be a drop approaching 100,000 next, and this is the retracement of the Y wave.
In summary, all long orders for medium to long term and short term have taken profit. Open a short order around 108800 for Bitcoin, laying out a y-wave short, with a default stop loss of 5 points in the spot range.