陈桂林|11月 09, 2026 01:19
From a structural perspective (if this is indeed a correction), I believe Bitcoin's price movement is essentially complete:
1. The first drop was from 87-80, followed by a rebound; the second drop was from 85-735.
2. ① The second drop has exceeded the first drop by more than 1:1, currently showing a wick at 1.382. Further drops to 1.618 would be a breakdown. ② The wick at 735 broke the bottom of the fourth wave of the previous upward move, indicating a large number of stop-loss orders.
The correction pattern is complete, and its purpose (leveraging and shaking out weak hands) has been achieved. Therefore, if this is indeed a correction, it should be nearing its end.
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