The rebound has lasted 39 days. If this rebound is targeting the decline from 97,900 to 60,000 (blue route), then we must find the rebound endpoint this week and turn downward. Otherwise, the possibility is that the rebound starting from 60,000 is targeting the entire decline from 126,000 to 60,000 (red route).
Based on our division of BTC structure, I've presented two possible routes in the chart:
Red route: The rebound starting from 60,000 overall forms a three-wave structure. This week's highest weekly candle point is the endpoint of the first rebound wave. After the first rebound completes
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