Elliott Wave 4 Sharp Correction Ahead? $120K–$135K in Play After Wave 4 🔻
#Bitcoin dropped 7%, aligning perfectly with our EW analysis. If you booked profits on your shorts or avoided catching the dip prematurely, well done.
🔰 Wave 2 Correction: Shallow as expected, followed by a sharp correction after the ED.
🔰 Previous Entry: $106K–$108K
🔰 Current Support Levels:
▪️ Primary: $98,000
▪️ Secondary Zone: $96,000–$98,000
🔰 Fibonacci Levels ( Targets ):
▪️ 0.382 FIB: $90,048
▪️ 0.5 FIB: $85,063
Strategy Reminder:
Avoid high-leverage longs as $BTC approaches support. If $96,000–$98,000 breaks, the next stop could be $91,000 or $86,000.
Long-term trend remains bullish, with potential upside targets of $120,000–$135,000 after Wave 4 completes.
Stay alert, manage risk, and don’t catch a falling knife.
