$BTC #BTC☀

#Bitcoin Chart Analysis

Yesterday, I mentioned that the correction was too short and that a further correction might be necessary.

It's been over 20 hours since the chart analysis, and Bitcoin has been consolidating in that range.

Now, I am considering two perspectives to approach the situation.

(First, we need to assess whether the correction from Wave 3 to Wave 4 has concluded.)

1st Scenario:
If we assume that the previous correction was indeed a WXYXZ triple combo and that the correction has ended,
then the current upward move could be the first wave of an impulse wave, which has now completed.
If the second wave correction follows as a WXY corrective wave,
the $93,000–$94,000 level could serve as an excellent buying opportunity.

2nd Scenario:
If the previous correction is considered a WXY double combo,
then an additional ABC correction may still be necessary,
potentially resulting in a converging price pattern.

Today, I plan to approach the situation with these two scenarios in mind.

* Additionally, if the first scenario’s WXYXZ correction turns out to be a simple ABCDE wave,

you should also prepare for the possibility of another significant drop breaking the current low.

Please follow for ongoing chart updates and analysis.