$BTC just completed a classic 5-wave Elliott impulse, topping out around $106.5K — and now we're firmly in an ABC correction. This is a natural cooldown phase that often precedes the next macro move.

📊 Wave Breakdown:

✅ Wave (1)–(5): Strong impulsive structure, confirming bullish control last few days.

🟠 Current: Wave (a) and (b) of the ABC corrective phase are done.

🔻 We're now in Wave (c) — the final leg of the correction.

📉 Target Zones for Wave (c):

1.095 Fib Extension = $104,179

1.618 Fib Extension = $103,310

These are the critical retracement zones to watch for a possible bounce. Historically, Wave (c) often terminates near the 1.618 level in strong trends.

🔍 What to Watch:

If #BTC bounces at $103.3K, this could be the bottom of the correction and start of a Wave (1) in the next bullish cycle.

A break below $103K might shift structure toward a larger correction, possibly targeting $101K–$100K zone.

🧭 Strategy Outlook:

Long bias at support zones with tight stops if $103K fails.

Bearish scenario only confirmed if we break $102.9K with volume and structure.

📌 TL;DR: Bitcoin is mid-ABC correction after a powerful 5-wave move. Eyes on $104K–$103.3K for a potential reversal. Market cooling off — but this might just be the setup before the next surge.