$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.
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