Bitcoin just closed the gap. Now comes the breather. 🧘♂️
BTC surged ~23% in 72 hours, from ~$64K to $79.3K, fueled mainly by short liquidations and strong ETF inflows.
Now the setup is changing:
• The May CME gap at $77K–$79K is filled 🎯
• Daily RSI is deeply overbought
• Price is well above the 200D MA (~$69K)
• Weekly momentum still has room to run
The Elliott Wave structure suggests a Wave 4 pullback could be next.
📍 Key retracement zone: $72K–$75K
If that holds, Wave 5 could target $83K–$85K.
The key is patience. After a 23% move, chasing momentum is the lower-probability trade.
Let BTC breathe, watch the pullback, and let price confirm the next move.
Elliott Wave is probabilistic, not predictive.
$MOVE $PORTAL
BTC surged ~23% in 72 hours, from ~$64K to $79.3K, fueled mainly by short liquidations and strong ETF inflows.
Now the setup is changing:
• The May CME gap at $77K–$79K is filled 🎯
• Daily RSI is deeply overbought
• Price is well above the 200D MA (~$69K)
• Weekly momentum still has room to run
The Elliott Wave structure suggests a Wave 4 pullback could be next.
📍 Key retracement zone: $72K–$75K
If that holds, Wave 5 could target $83K–$85K.
The key is patience. After a 23% move, chasing momentum is the lower-probability trade.
Let BTC breathe, watch the pullback, and let price confirm the next move.
Elliott Wave is probabilistic, not predictive.
$MOVE $PORTAL
