$BTC

#Bitcoin Chart Analysis

Today, my thoughts remain divided between two perspectives:

I’ve prepared one #bullish scenario and one #bearish scenario.

1. #Bullish Scenario

- The previous upward movement is viewed as an impulsive wave.

- The corrective wave is being considered as a WXY pattern, specifically a 335-X-535 wave.

- If the $95,600 support level holds, there is a possibility of an upward movement.

2. #Bearish Scenario

- The previous upward movement is analyzed as an ABC wave pattern.

- In this case, the correction would likely be seen as a 12345 downward impulse.

- If so, there is potential for a drop to as low as $80,000.

- However, confirmation of a major decline would require Bitcoin to fall below $90,000.

- Until then, a significant downward movement is less likely.

Summary

In today’s scenarios, there’s a common point for a short-term long position, but if Bitcoin declines, we should prepare for the possibility of a major drop.

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