$BTC 2.9 Bitcoin Trend Analysis
Bitcoin WXYXZ Downtrend Structure, currently in the Y wave downtrend. The target area for the Y wave downtrend is 50000-60000.
It is expected that the current downtrend cycle will last between 256 to 360 days, and it has been down for more than 120 days, the overall downtrend cycle is not yet complete.
Looking back at history, each bull market start has been accompanied by a clear liquidity policy turning point.
The current environment is still in a liquidity contraction phase, with ETF funds continuously flowing out, and risk assets simultaneously deleveraging.
No policy signals have yet appeared to stop tapering or implement substantial expansion.
Risk Warning
This is only a market structure analysis and does not constitute any trading advice.
