Bitcoin ($BTC ) Entering a Healthy Correction Phase

Hello, Big Dogs!

I’ve received tons of questions about $BTC as it edges closer to its all-time high. Many are unsure what’s happening right now, so here’s my updated take:

In my view, we’re likely experiencing the final shakeout before the next big leg up. Yes, it’s a correction—but a healthy and expected one.

Technical Breakdown (4H Chart):

• We can now clearly see a complete 5-wave impulse structure, which signals the end of Wave 1 within a larger Wave 3 (higher degree).

• The Awesome Oscillator is showing bearish divergence, further supporting the likelihood that a corrective move is underway.

• Based on Fibonacci analysis, the 0.5 retracement level at $90,000 is a reasonable downside target.

Important Note:

This is likely a short-term correction within a larger bullish structure. If you’re not an experienced trader, avoid shorting this move—you’re trading against the primary trend.

The bigger picture remains strong. Once this correction plays out, we could see significant upward momentum resume.

Stay smart, stay patient, and trade safe.