According to CoinMeta, based on the monitoring of early in, analyst Darkfost indicates that Bitcoin is currently in a correction channel, with prices below both the 21-day and 50-day moving averages. At the beginning of November, the 21-day moving average crossed below the 200-day moving average, with the 200-day moving average situated above $72,930. The RSI momentum remains weak, and there are bullish divergence signals on the daily chart, while at the weekly level, RSI has entered a reset phase. From an Elliott Wave perspective, Wave C is still in progress, and a short-term rebound could reach around $68,000, followed by a downward wave to complete the correction pattern.