$BTC 2.9 Bitcoin Price Trend Analysis Bitcoin WXYXZ downward structure, currently in Wave Y decline. The target zone for Wave Y decline is between 50,000 and 60,000. The current decline cycle is estimated to last between 256 and 360 days, and it has already declined for over 120 days, with the overall decline cycle not yet complete. Looking back at history, every bull market launch has been accompanied by a clear liquidity policy turning point. The current environment remains in a phase of liquidity contraction, with ETF funds continuously flowing out and risk assets de-leveraging in sync. There are no policy signals yet indicating stop or substantial expansion of balance sheet. Risk Reminder: This is only an analysis of market structure and does not constitute any trading advice. #BTC走势分析 # Bitcoin Price Trend Analysis #Commander