$BTC 12.19 Evening Bitcoin Market Analysis
The white line indicates that the previous 5 waves have ended, and the 5-5 sub-waves concluded with a failed wave.
Subsequently, a medium-term three-wave decline follows along the yellow line, with a possibility of still being in the 4th wave before moving to the 5th wave upward.
The common point is that none have finished declining, suggesting a short position.