$BTC 8.7 Bitcoin price today: Bitcoin has currently risen above 115,000. Over the past few days, we have continued to go long and achieved good profits, but today there have been some minor changes. The level of 111,850 has not been effectively broken through, and the trend appears weak, indicating that there may still be a need to drop down a bit more before breaking this low and then restarting the rise.

In other words, the medium-term bullish judgment remains unchanged, but in the short term, there may still be another round of downward washing. This wave of decline belongs to the extension adjustment of the fourth wave. Once completed, we will still continue to follow up on the layout of the fifth wave.

In summary, there is no change in the medium to long-term and medium-term structure, only adjustments in the details of the entry point; the 5-5 wave layout should wait for another low point to re-enter. The previous low point of 111850 rose, and it did not break through the pressure zone twice, indicating that it may not be the end point of the 5-4 wave adjustment.