If 80600 is not the bottom.
BTC's rebound from 80600 is oscillating within an ascending wedge, and it has currently rebounded to around 94500, which is relatively in line with the target for the 4th wave rebound. If the ascending wedge breaks, it may create new lows, forming an overall structure of a 5-wave decline.
According to the magnitude of the 5-wave decline, which is often approximately equal to the 1st wave, the possible target can be around 70500, but in between, 74500 is an important support level. Therefore, if the market declines and creates new lows, attention should be paid to the support situation near 75000.
