$BTC #BTCBreaks93k

Today's #Bitcoin Chart Analysis

The anticipated ABCDE wave pattern didn’t materialize, and the price declined instead. Fortunately, I was able to finish trading without a significant loss.

Looking at the orange line, I consider this as an extension of the 3rd wave. To complete the 3rd wave extension, there should be a brief correction, followed by another upward move.

The correction should be short, while the upward wave needs to be more extended. If we consider the current correction as a WXY complex correction, a rebound to as high as $100,000 is possible.

After that, it could potentially fall to close the #CME gap around $80,000, but I still think the priority is on the upside.

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