Bitcoin just closed the gap. Now comes the breather. đ§ââïž
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:
âą The May CME gap at $77Kâ$79K is filled đŻ
âą Daily RSI is deeply overbought
âą Price is well above the 200D MA (~$69K)
âą Weekly momentum still has room to run
The Elliott Wave structure suggests a Wave 4 pullback could be next.
đ Key retracement zone: $72Kâ$75K
If that holds, Wave 5 could target $83Kâ$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:
âą The May CME gap at $77Kâ$79K is filled đŻ
âą Daily RSI is deeply overbought
âą Price is well above the 200D MA (~$69K)
âą Weekly momentum still has room to run
The Elliott Wave structure suggests a Wave 4 pullback could be next.
đ Key retracement zone: $72Kâ$75K
If that holds, Wave 5 could target $83Kâ$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
