📊 Bitcoin Chart Analysis $BTC

From a mid-term perspective, there are three possible scenarios, as shown in the first image:

1️⃣ WXY Complex Correction Completed at $91,300

After completing the correction at $91,300, $BTC could enter a strong upward trend.

2️⃣ WXY Complex Correction Ending at $89,000

The correction could end around $89,000, followed by an initial impulse wave. After a brief correction, another upward movement may occur.

3️⃣ Correction to the Low $80,000 Range

If $109,500 becomes the high, there is a possibility of dropping to the low $80,000 range, as shown by the green line. This scenario also aligns with the WXY complex correction pattern.

Now, let's move on to the short-term perspective, summarized in two scenarios:

1️⃣ #Bullish Scenario

After completing an ABCDE impulse wave, the WXY correction phase has also ended. If Bitcoin holds above $94,800, a significant upward trend could begin.

2️⃣ #Bearish Scenario

The critical level remains at $94,800. If the rebound consists of an ABC upward wave, followed by a potential ABCDE downward impulse, Bitcoin could break below the previous low of $91,200 and drop to the low $80,000 range. This makes $94,800 an essential level to watch when trading.

That concludes today’s short-term analysis of Bitcoin.

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