This is an analysis of the Bitcoin chart.
I had been maintaining the existing WXY (zigzag - x - ABCDE) perspective, but I believe the Bitcoin chart has changed due to yesterday's 50bp interest rate cut. While I initially expected further correction for Bitcoin, the price has risen above the resistance level, leading me to revise my scenario.
In the updated scenario, it appears that the WXY correction has ended, and we are seeing a 1212 timing. Naturally, the resistance is around the $63,000 level, and if a correction occurs at that point, a significant upward movement is likely to follow.
I have also included a detailed wave count analysis, which I recommend you check out. Additionally, there's movement in altcoins, so please take that into consideration as well.
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