$BTC

#Bitcoin Chart Analysis

I am approaching today’s Bitcoin market with a #bullish perspective.

First, let me address the potential for a downturn. If Bitcoin falls below $100,500, we should consider the possibility of some level of correction.

Otherwise, I believe the current wave structure is setting up for a significant #upward movement.

To explain the chart in more detail:

On a larger scale, the chart appears to be progressing in a 3-3 wave pattern, and I am assuming that the 3-2 wave has concluded with a short WXY correction.

Within this context, I interpret the ongoing movement as part of the 3-3-1 wave, specifically the 3-3-1-3 wave currently in progress.

Therefore, in the short term, $100,500 remains a critical level. Future analysis may require adjustments based on price action.

For today, I am anticipating a substantial rise.

Have a great day, and if you want to keep up with chart updates, please follow me!