#Bitcoin Chart Analysis for #Today
Fortunately, yesterday's analysis was spot on. After reaching the top of the #risingwedge , the price immediately dropped.
For today, I have prepared two scenarios, and I am considering a short position in both cases.
The first scenario suggests that the five-wave structure has not yet completed. I expect the price to make another lower low before an ABC correction rebound occurs.
The second scenario assumes that the five-wave structure is already complete, and the price will rebound slightly before continuing to fall.
The current position is critical. Whether we will see a significant drop or just a short correction followed by a major rally should become clearer today or tomorrow.
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