BTC Is this the start of the next leg down? 👀
BTC is currently forming what looks like an ABC corrective structure. After completing the A leg, the bounce toward the 84.5K–85K area could be the B wave.
If this rejection continues, the C wave could take BTC toward the 75.5K–76K support zone shown on the chart.
The key invalidation is a strong reclaim above 84.5K, while 86.7K remains the major resistance.
Do you think the C wave is coming?
$BTC DYOR
BTC is currently forming what looks like an ABC corrective structure. After completing the A leg, the bounce toward the 84.5K–85K area could be the B wave.
If this rejection continues, the C wave could take BTC toward the 75.5K–76K support zone shown on the chart.
The key invalidation is a strong reclaim above 84.5K, while 86.7K remains the major resistance.
Do you think the C wave is coming?
$BTC DYOR