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$BTC 7.15 Bitcoin price today's market: Bitcoin peaked around 123,300 yesterday, and we can say that this wave of pump was quite complete. In other words, we successfully took profits on most of our Position at the high point, and now we only hold 10% of our long order, waiting to see if there's a chance to catch the tail end.
This wave of pump started from 98,115. It is very likely that it has already completed three waves and is now entering the consolidation phase of the fourth wave. Therefore, the current strategy is to wait, wait for the fourth wave correction to end and the structure to clarify, before entering again to catch the last rise. It's not appropriate to casually add positions at this level; a pullback to near support, such as around 115,000, would be necessary to consider re-entering.
In summary, if Bitcoin pulls back to the 116000-115000 range, one can enter another long order. If Ethereum pulls back to around 2810, one can also enter another long order. It may trade sideways for three to four days, so be patient and wait.