方鸣_KEO🔅|Nov 12, 2026 11:01
Let's talk about Bitcoin's price movement and my outlook. From a wave perspective, we're currently in a wave 2 correction, and this adjustment has lasted for six weeks, so we're close to bottoming out.
We've just reached the 50% Fibonacci retracement level, and a wave 3 rebound is expected soon. Remember, the price started falling in September 2025, and it took over 300 days—almost a year—to reach around $50,000.
Then, it started rising again in August of this year, breaking through the May high of $820,000. This current correction is the first adjustment since the official start of this year's upward trend.
The trend is also clear: if it doesn't make new lows, a wave 3 rebound is almost guaranteed. And wave 3 rebounds are often much stronger than wave 1 and will break through the wave 1 high, reaching new heights.
Looking at the Bitcoin contrarian indicator, both the daily and weekly charts show signs of a top, which is a very good sign. This indicates that Bitcoin can't fall any further and is about to start rising. As for the timing of this rise, that's uncertain.
The only certainty is that it's time to buy in batches. Bitcoin will likely consolidate at the bottom for a while, and once it successfully forms a bottom, it will resume its rebound. It will give you the feeling that it's about to fall, fluctuating repeatedly until you sell, until you lose patience and your mindset becomes unstable, at which point it will immediately trigger a sell-off.
This period is crucial and tests your human nature. The more you watch the charts, the less you can control your impulses. Don't focus too much on short-term price fluctuations. What you need to do now is enter the market in batches. Every dip is an opportunity to buy in.
Once Bitcoin breaks below the structural line, it will accelerate its decline, at which point Bitcoin will basically stabilize and accelerate its rise. That's when the bull market will return quickly.
Your altcoins may have recently corrected significantly, but don't panic. Many coins have positive news this month, such as STRK. Even if quality coins correct, they will rebound very quickly when the time comes.
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