$BTC 11.16 Bitcoin price today's market: Bitcoin is currently around 95,000. The big structure view of Bitcoin is adjusting, this round of bull run has ended near 125,000, and there will be a medium to long term level fall of about 50% afterwards, and we might even see the 70s.

From the peak of 126,272, the current movement shows a WXY structure. First, we are in the W wave, where the internal structure of the W wave is an ABC, but there are currently two possibilities for the details of the C wave. One is that the C wave has already ended around 93; the other is that it still needs to drop to a lower point, with even 91 being a possibility.

In summary, the medium-term structure will at least follow a wxy structure, and we are currently at the end of the w wave, with two possible endpoints. One is around 94,000, where the final 3 wave completes and starts the X wave oscillation upwards. The other is that the final 3 wave has only completed the 1 wave, and after consolidation, it will drop again. This detail is uncertain.

The suggestion for long positions is still to hold on as long as the stop loss is not hit. Even if there is another dip, we will still open long positions again.