Bitcoin broke the channel. Now watch the zag.
BTC ripped from $64K to $75K in ~36 hours, fueled by a massive short squeeze: $2.7B liquidated Wednesday, $671M Thursday.
The structure now favors a 5-wave impulse over a corrective bounce.
But after such an explosive Wave 3, a Wave 4 retracement could be next.
🎯 Key zone: $70K–$72.5K
• 0.236: $72,553
• 0.382: $70,586
• Broken channel → potential support
RSI 4H is ~92, so chasing here looks risky.
The liquidation map also shows ~$2.2B of late longs vulnerable around $70K–$71.4K.
If BTC holds the zone, the next leg higher could be setting up.
Lose ~$67.4K–$69K, and the bullish impulse thesis weakens.
Elliott Wave is probabilistic not predictive. Follow the structure, not the hype.
$FET $CRV
BTC ripped from $64K to $75K in ~36 hours, fueled by a massive short squeeze: $2.7B liquidated Wednesday, $671M Thursday.
The structure now favors a 5-wave impulse over a corrective bounce.
But after such an explosive Wave 3, a Wave 4 retracement could be next.
🎯 Key zone: $70K–$72.5K
• 0.236: $72,553
• 0.382: $70,586
• Broken channel → potential support
RSI 4H is ~92, so chasing here looks risky.
The liquidation map also shows ~$2.2B of late longs vulnerable around $70K–$71.4K.
If BTC holds the zone, the next leg higher could be setting up.
Lose ~$67.4K–$69K, and the bullish impulse thesis weakens.
Elliott Wave is probabilistic not predictive. Follow the structure, not the hype.
$FET $CRV