$BTC

#Bitcoin Chart Analysis

Bitcoin has been navigating a challenging path over the past few days. A sustained #complex correction is occurring.

From a psychological perspective, some are selling to take profits, while others are buying, creating a complex chart pattern. What we can infer from this situation is that once a clear direction emerges, there’s potential for a significant move either #UpwardTrajectry or downward.

I’ve prepared two scenarios, both leaning toward an upward direction:

The first scenario considers the current Y-wave of the WXY correction potentially forming a triangular consolidation pattern.
The second scenario envisions a larger WXY correction, with Bitcoin potentially rising to the $93,000 region.

Have a great day!

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