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$BTC : Possible Drop to $40K as Elliott Wave Cycle Completes $BTC may have just completed a 5-wave Elliott structure on the 1D timeframe. If confirmed, this could mark the end of Wave 1 in a broader macro cycle. ๐ That would suggest the market is entering a corrective Wave 2, which historically retraces 50โ70% of the previous impulse. ๐ Potential downside target: $40,000 โ $45,000, based on Fibonacci levels. This isnโt the end โ but a possible healthy correction in a larger bullish structure. Stay cautious and manage your risk accordingly. #Bitcoin #BTC #ElliottWave #CryptoAnalysis #BinanceSquare #TechnicalOutlook
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#xrp $XRP moving down to this blue level, to close space in pattern. 5 wave structure will be completed by then. After touch around yellow circle ๐ก considering Long position.
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