Has the bullish wave for $BTC ended, or is this just a “breather” before a new high? 🧠📊
The daily chart shows a clear five-wave impulse completed and a confirmed change of behavior (CoB) after breaking the pivotal high. Price is currently trading at $85,898 in a phase of reaccumulation and healthy structural correction.
The most likely scenario is a search for a corrective bottom near $80,000 or the Fibonacci confluence zones (38.2%–50%) to set up the next wave, while the bearish extension scenario remains weak as long as the key lows hold.
Are you watching the 80K zone to build your position, or do you expect resistance to break and price to take off immediately? Share your analysis! 👇🚀
#Crypto #BTC #Bitcoin #BinanceSquare #TechnicalAnalysis
The daily chart shows a clear five-wave impulse completed and a confirmed change of behavior (CoB) after breaking the pivotal high. Price is currently trading at $85,898 in a phase of reaccumulation and healthy structural correction.
The most likely scenario is a search for a corrective bottom near $80,000 or the Fibonacci confluence zones (38.2%–50%) to set up the next wave, while the bearish extension scenario remains weak as long as the key lows hold.
Are you watching the 80K zone to build your position, or do you expect resistance to break and price to take off immediately? Share your analysis! 👇🚀
#Crypto #BTC #Bitcoin #BinanceSquare #TechnicalAnalysis
