🔻 #Bitcoin EW Update: Key Support Levels in Focus

$BTC continues to face downward pressure, now testing a strong support level at $97,000.

🔰 Support Levels
▪️ $97,000: A critical support level. Holding above this could trigger an upward move.
🔰 Breakdown Scenarios:
▪️ $91,000 (0.382 Fib)
▪️ $86,000 (0.5 Fib)

✅ Congrats to those who caught the short at $107,000 as shared earlier.

Stay sharp and manage your risk.

Elliott Wave 4 Sharp Correction Ahead? $120K–$135K in Play After Wave 4 🔻

#Bitcoin dropped 7%, aligning perfectly with our EW analysis. If you booked profits on your shorts or avoided catching the dip prematurely, well done.

🔰 Wave 2 Correction: Shallow as expected, followed by a sharp correction after the ED.

🔰 Previous Entry: $106K–$108K 
🔰 Current Support Levels:
▪️ Primary: $98,000
▪️ Secondary Zone: $96,000–$98,000

🔰 Fibonacci Levels ( Targets ):
▪️ 0.382 FIB: $90,048
▪️ 0.5 FIB: $85,063

Strategy Reminder:
Avoid high-leverage longs as $BTC approaches support. If $96,000–$98,000 breaks, the next stop could be $91,000 or $86,000.

Long-term trend remains bullish, with potential upside targets of $120,000–$135,000 after Wave 4 completes.

Stay alert, manage risk, and don’t catch a falling knife. 

#BTC $ETH