📈 Bitcoin surged from 38,545 to 52,859, exceeding expectations and creating psychological pressure. Two potential analyses:

It's a robust B-wave rebound, likely retracing to around 40,000 or lower.

It might break the time rule, forming a new upward trend. Retracement is anticipated, confirming 38,500 as the reversal point.

Consider the normal structural time, even in a bullish market, and don't rule out the possibility of a C-wave decline. Exercise caution, wait for a confirmed upward trend structure. Ethereum follows a similar pattern, while other currencies might be consolidating wave B. Beware of a mere B-wave rebound and seek confirmation.

$BTC #BTC #CryptocurrencyAnalysis 🚀💹