In the long term, Bitcoin will continue to be in a bull market because fiat currencies keep depreciating, a trend that will not stop for decades or even centuries unless the debt issuance currency model ends and the world returns to the gold standard or adopts a Bitcoin standard.

In the medium term, according to Elliott Wave Theory, Bitcoin has only completed the first wave of the five-wave decline. The second wave rebound is halfway through, and after the rebound, the second wave of the decline will continue.

In the short term, Bitcoin surged rapidly from 83,800 to around 94,100 in just 2 days, which is an unusually sharp move. Therefore, today’s movement is to fill the gap, which is between 87,600 and 90,000. $BTC