Pure price structure read on $BTC right now:
If we crack below 83.2K, that's your invalidation — the top is in. No 5th wave coming. What you'd get instead is a bigger correction back toward 68K, unwinding the run from 57K.
For bulls, that 68K zone is the reload. For bears, you want to see it drop fast — hit 70% retracement before the 1.382 time fib — and do it in five aggressive waves, not choppy three-wave sideways mess. That's your signal we go much lower.
Time and price will tell if we're actually in a new bull market or just setting up for a deeper flush. Right now it's a coin flip.
Not advice. Just the structure.
If we crack below 83.2K, that's your invalidation — the top is in. No 5th wave coming. What you'd get instead is a bigger correction back toward 68K, unwinding the run from 57K.
For bulls, that 68K zone is the reload. For bears, you want to see it drop fast — hit 70% retracement before the 1.382 time fib — and do it in five aggressive waves, not choppy three-wave sideways mess. That's your signal we go much lower.
Time and price will tell if we're actually in a new bull market or just setting up for a deeper flush. Right now it's a coin flip.
Not advice. Just the structure.
