Bitcoin has “dropped,” and this was expected. The flagship cryptocurrency has recently faced certain difficulties in further strengthening. After failing twice to break through the 108200 level, the price has decided to pull back slightly to the nearest support level. This entire decline appears to be a correction.

Currently, its structure is being considered as a double zigzag, where the first part and the [x] connector wave have already formed. Now, wave [y] is developing, which will take the shape of a simple zigzag.

In the near future, a reaction from buyers may follow, leading to a short-term increase, after which a resumption of the downward movement is expected.

In this regard, it is worth considering the possibility of buying at the current market prices with a small target.

Recommendation: BUY 88500, SL 87400, TP 91500.