Half-Wood Summer: Bitcoin to Form a Platform-type Adjustment Structure, Poised for Two Trading Opportunities Ahead

BlockBeats News, November 11th. Chinese crypto analyst Banmuxia stated in a post that, "Bitcoin's price action since August may be in a sideways pattern, with the current C wave possibly forming an ending wedge. This sideways pattern may constitute the entire correction's W wave. A high-risk-reward shorting opportunity may arise around $108,500 to $110,000. If the subsequent trend makes a new low of around $95,000, it is expected to form a triple-bottom divergence, combined with the completion of the sideways pattern, potentially initiating a Y wave rebound with a target of rising above 0.7 of the W wave's height. This could present a high-quality long opportunity at that time. The above are all predictions and need to be gradually validated in trading."