May 20 Bitcoin Market Simplified Interpretation

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Bitcoin has been fluctuating around 106,000 these days. We originally thought it was going to follow a strong upward red line, aiming for 110,000 or even higher. But now it seems that this path is no longer viable, why is that?
• It surged to 107,000 a few days ago and then turned back, not even touching the 110,000 threshold.
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• Yesterday, it broke through the key support level of 102800 again, which is like the foundation of a house collapsing; it's unstable now.

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So what now? Let's look at it from a different angle:
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Bitcoin has risen from 74000 this year to its current position, having completed a whole cycle of five waves of increase, which is a relatively standard rising pattern. Right now, it is taking a "break", which belongs to the midway B wave or second wave adjustment, meaning it has risen significantly and is now pausing to catch its breath and reorganize.
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Once this "breathing period" is over, it will continue to take off and start the next round of significant increase (the third wave or C wave), with a target that may surge above 130,000!
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So what should we do?
• The general direction is very clear: continue to rise!
• It is now the mid-break stage, so we can't rush; we have to patiently wait for it to finish resting before exerting more effort.
• Once the consolidation ends, it will be our opportunity to make profits from going long. This opportunity may come within a few weeks or even a few months, but it will definitely come.
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In summary:
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Now is the "midway break in a bull market"; don't panic, and don't rush to short. The direction is clear: it's upward. As long as it moves, the opportunity for us to make money will come.
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