12.30$BTC

Bitcoin Price Today: Bitcoin is currently around 87,000. To be clear, do not go long at this position; this round of decline has not yet ended. From an overall structure perspective, after Bitcoin's retreat from a high level, the middle section is entirely a consolidation zone during the downward process.
From a smaller timeframe perspective, short-term rebounds are still possible, but regardless of how it moves, the final rhythm is only one: it needs to make another move downward, at least breaking below 84,398. Under normal circumstances, it could see around 82,000. Whether it is a standard breakdown or a slight breach depends on the strength of the decline. The conclusion is very clear: even if it oscillates repeatedly here, the overall trend remains bearish; do not be fooled by the consolidation.
In summary, the outlook for Bitcoin and Ethereum remains unchanged: after consolidation, a decline will follow, and only after completing the decline and leaving the starting point will there be a better rebound. Ethereum still needs the final segment of wave Z to be complete.