šØ$BTC Bulls Must Defend $103K⦠Or Say Hello to $99K Again
#Bitcoin completed a clear 5-wave Elliott Impulse and is now forming an ascending wedge (abcde structure), typically hinting at a possible correction.
Key Levels to Watch:
š“ Key Bull Level: $103,085 ā must hold to maintain bullish structure
š Support 1: $99,265 ā breach = deeper pullback
š” Support 2: $95,965 ā last strong hold for bulls
Outlook:
š¼ A breakout above the wedge = continuation toward $110K+
š½ Breakdown below $103K = expect correction toward lower supports
Strategy:
ā”ļø Wait for confirmation. A wedge breakdown = potential short trade setup.
ā”ļø Breakout = bullish continuation. Always manage risk wisely.
Stay sharp, traders!