This chart is my analysis of the H4 waves of BTC from last night, and there hasn't been any change so far. If anyone has any ideas or discussions to gain more perspectives, feel free to share.
Currently, BTC is running small ABC waves, so the price will be sideways and will not break the recent low of 92k23x from a few days ago. Then it will bounce back up to 101 - 104k (if it gets strong, it may sweep near the peak of 108k). During this phase, most Altcoins will also recover back to their peaks, and some that have not completed wave 5 may exceed their peaks.
After that, BTC is expected to drop sharply to 85k, with an estimated time frame around December 2024. During this phase, Altcoins will return to the recent low, with many of them breaking the nearest low.
BTC in the 85k area will accumulate and rise to 109k6 - 110k to complete wave 5 of the D3 time frame (or D4 depending on the exchange and trading platform). The recent peak seems to be the peak of wave 5 of D1 (which is the peak of wave 3 of D3 and D4). In this phase from 85k to 109k, many Altcoins may double or triple, or return to the previously high peak, so those who caught the bottom recently could profit from the recovery wave😀😀😀
After this phase, BTC may drop very strongly in 3 ABC waves to 7xk to complete the medium-term wave 2 of the long-term main wave (estimated time frame is from February to early March 2025). But be aware that during this phase, Altcoins will not drop to the bottom of the 85k phase because prior to that, Altcoins had been pumped strongly when BTC moved from 85k to 109k6. So even if it splits in two, it will not return to the bottom, except for coins that are too weak with very strong selling pressure. This drop will bring BTC back to a low level, while Altcoins will begin to regain a stronger DOM => Alt season starts.