So far, everything is going according to plan. My safety short stop was triggered after the breakout of the top at 58,100. Now, we should find the top of Wave 5 in the range between 59,400 and 61,700. $BTC

We are currently observing a possible 5-wave move in the very short term, and we are currently in Wave 4, which is heading towards the 0.236 region. This move could be invalidated if Wave 4 breaks above the top of Wave 1. (5-minute chart was used) $BTC
Disclaimer: This text does not constitute a recommendation to buy or sell, but merely a reflection on possible scenarios. Consider other analyses and remember that Bitcoin is a volatile asset, subject to unpredictable movements.

$BTC As mentioned in the previous Bitcoin analysis, it appears that we are in a 5-wave upward move, with the bottom of Wave 4 situated at approximately 55,500. To confirm this analysis, the price would need to break above the top of Wave 3, which could take BTC to 59,000 or higher, since Wave 5 does not have a fixed maximum size.

At this point, I will wait for the market to react and open a short position with a stop just above the top of Wave 3. This gives me protection and takes advantage of the fact that the stop is relatively cheap, providing a good risk-reward ratio.

Given the recent changes in Bitcoin, analyses that were previously less prominent now have greater relevance and possibility of happening for me. I am focusing on two main analyses: the first is based on Elliott Wave Theory, suggesting a 5-wave movement; and the second considers the formation of a bullish ABC pattern followed by a corrective ABC.
Possibility 1:
We are in a 5-wave movement, according to Elliott Theory, where Wave 4 cannot invade the top of Wave 1. If this occurs, the movement will be invalidated, indicating that we are in a diagonal pattern. In this case, Possibility 2 gains more strength, with the need for some corrections in the analysis.

Disclaimer: This text does not constitute a recommendation to buy or sell, but merely a reflection on possible scenarios. Consider other analyses and remember that Bitcoin is a volatile asset, subject to unpredictable movements.
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I currently have two distinct analyses on BTC that deserve attention, one bullish and the other bearish. I believe there is a greater probability that we are in a bullish scenario for Bitcoin, but it is important not to rule out either possibility, especially considering the critical moment the market is going through.