$BTC impulse count — bearish setup 👀
If BTC is forming a complete 5-wave move to the downside, Wave 2 may already be finished. If not, a retest into the 85K–86K OB zone could mark the Wave 2 top and potentially offer a short setup for bears.
Wave 3 could be the strongest leg, potentially dropping toward 77K–78K, around the 1.628 extension of Wave 1.
Then Wave 5 could reach around 75K, creating a possible double-bottom setup and giving bulls some hope. From there, we could see an ABC bounce before another deeper move down and potentially a new bear-market low.
Just a speculative Elliott Wave count — not financial advice. 🎲
If BTC is forming a complete 5-wave move to the downside, Wave 2 may already be finished. If not, a retest into the 85K–86K OB zone could mark the Wave 2 top and potentially offer a short setup for bears.
Wave 3 could be the strongest leg, potentially dropping toward 77K–78K, around the 1.628 extension of Wave 1.
Then Wave 5 could reach around 75K, creating a possible double-bottom setup and giving bulls some hope. From there, we could see an ABC bounce before another deeper move down and potentially a new bear-market low.
Just a speculative Elliott Wave count — not financial advice. 🎲
