On November 21, BTC fell to 80600, and that night indicated a stop-loss; afterwards, it continuously showed a clear upward trend anticipating a large-scale rebound. The Gann time around 12.8, combined with the key level of 91000, was validated last night. Breaking through 91000 within the Gann time window without looking back directly reached 94588.
BTC is currently running a rebound against the decline from 126000 to 80600, which is expected to be at the daily level. At this level, the first wave of the rise starting from 80600 can end at any time (red route in Figure 1). After running an adjustment, there will still be an upward movement at the same level, completing the daily level rebound; subsequently, BTC will continue to decline at the weekly level, with the earliest starting point for this weekly decline appearing as soon as next January.
If external factors influence BTC to continue strengthening recently, it might follow the blue route. Personally, I do not wish to see this trend; moving too quickly is not a good thing. After such movement, it becomes difficult to make a timely entry, as we cannot rule out the possibility of it completing the rebound in one go.
From a larger perspective, what started on November 21 is the segment outlined in Figure 2, and it has not yet ended.
