From the current trend, Bitcoin is in a typical five-wave upward structure.



According to the retracement ratios of wave theory, the retracement of wave 3 reached the 0.786 level, and in this case, the rise of wave 5 should be close to that of wave 3. Specifically, wave 3 increased by 5537 points, while wave 5 from the bottom also increased by 5591 points, ultimately reaching the 91946 level.

Based on this rhythm, the target is anchored around 91900 with a 500-point range, which provides strong technical support.

I took a short position near 90700. During this upward move, the profit from the short position is approximately 4345 points. The strategy was somewhat aggressive, but since I have already entered, I will hold steady.

From a risk perspective, once this top is confirmed, the subsequent decline could exceed 11,000 points, which is a downward risk that needs close attention.
BTC-1,28%
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CryptoWageSlavevip
· 01-05 09:48
90700 just hit the ceiling? Bro, your guts are really big. I'm not joking. The wave theory stuff sounds impressive, but in practice, it's all about luck.
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RiddleMastervip
· 01-04 11:54
Bro, you're still holding on with a floating loss of 4345 points on your short position? Your mental toughness is incredible, I wouldn't have the guts for that.
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LayerZeroJunkievip
· 01-04 11:53
Haha, this wave of short positions really came in quite aggressively. Buying the dip at 90,700 shows a gambler's mentality... But looking at the data, the alignment is quite accurate. The symmetry between 5537 and 5591 is interesting. It's just that the 11,000-point drop needs to actually happen to count; right now, it's all just on paper predictions. Whether it can truly be sustained when the time comes is the key.
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PaperHandsCriminalvip
· 01-04 11:53
Haha, okay, I was wondering why I got trapped again. This wave of shorting is really impressive... Wait, let me take another look. The five-wave theory sounds quite professional, but at this position of over 90,000, I feel like it's just gambling... Forget it, I don't want to think about it anymore. Let's take it step by step. Anyway, I've already lost.
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MetaverseHomelessvip
· 01-04 11:50
Uh... 90700 short position bottom fishing? That's really bold. My mental state must be shattered now.
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RektRecoveryvip
· 01-04 11:38
ngl, the elliott wave copium is strong with this one... shorted at 90.7k and now you're just hoping the whole thing reverses? that's the classic "i warned you" setup nobody asked for lol
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