Bitcoin is stuck near the range lows, and after the rejection from $87.3K, it has failed to recover.
Now we have two scenarios technically:
If BTC keeps failing to reclaim $83Kโ$84K, the it will dump towards $75K first, then $72K and $62K. Small pumps can happen on the way down, but Iโm not trusting them.
If BTC reclaims $83Kโ$84K and holds above it, then Iโll reconsider the bearish view as it might give a good recovery.
$PEPE is bleeding out and panic is everywhere. ๐ Retail is getting chopped up in this slow grind down, but look closely at the chartโthe sellers are running out of gas right at the bottom. The 1-hour candles are printing long wicks, showing buyers are aggressively defending this zone. Don't short the bottom. I'm playing the bounce.
Under the NeoWave framework, $PEPE appears to be developing a Triple Zigzag pattern.
The key signal? Multiple advances and declines unfolding within a well-defined ascending channel โ a structure consistent with the textbook characteristics of a Double or Triple Zigzag.
๐ Around 50% of the projected structure has developed, potentially leaving significant room for further price movement.
Currently, price appears to be forming Wave B. If this count remains valid, another upside leg could follow before the overall structure completes.
$PEPE bulls may still have more to play for.
Keep an eye on the Wave B completion and the next potential upside move. ๐
Wave count remains a technical interpretation, not a confirmed outcome.
๐จ $ARIA just paid +285% to the people who waited 2 months. $TRIA is the next name on the same list, and the measured move drawn on its chart is +284%.