$BTC December 31st Bitcoin Price Today: Bitcoin is currently around 88,500. In the next couple of days, a relatively clear turning point is likely to occur. From the market condition, Bitcoin has been compressed within an extremely narrow range. The lower boundary is an upward trendline extending from the 80,537 low, and the upper boundary is a downward trendline from the 126,272 high.

As time progresses, the space continues to be squeezed, and it is now in a state of “no more震” (no more震动). This kind of structure usually does not last too long, and a direction will inevitably be chosen soon. Currently, it is clear that the smaller degree waves a, b, c, d have basically completed, and the market is now in wave e. As long as wave e does not effectively break through the previous wave c high, this triangle structure remains valid.

Once wave e ends, the next move will be an extension of wave c downward, which is the direction after the triangle震荡 (oscillation). From this perspective, the probability of a downward breakout is significantly higher.

In summary, the structure remains unchanged, and a trend reversal is expected in the next two days. Volatility will increase, and it is advisable to hold short positions as planned.