Medium-term I'm bullish on $BTC, but short-term I'm watching for a pullback.
The rally off the low looks like five waves done — clean impulse. That means we're due for a correction now. How deep it goes will tell us if that move was wave A (correction) or wave 1 (new impulse leg). Can't call it yet.
Let the structure show itself. Trade what you see, not what you want. Discipline first, forecast second. If it holds shallow, we're probably in wave 1 territory and the bull leg continues. If it cuts deeper, it's wave A and we're still inside a larger correction.
Either way, respect the pullback. Don't chase. Wait for the setup.
The rally off the low looks like five waves done — clean impulse. That means we're due for a correction now. How deep it goes will tell us if that move was wave A (correction) or wave 1 (new impulse leg). Can't call it yet.
Let the structure show itself. Trade what you see, not what you want. Discipline first, forecast second. If it holds shallow, we're probably in wave 1 territory and the bull leg continues. If it cuts deeper, it's wave A and we're still inside a larger correction.
Either way, respect the pullback. Don't chase. Wait for the setup.
