Hey Skyrexians!
I've received many requests to analyze $BTC since it's nearing its all-time high and there's a lot of confusion. In my view, there's one last wave of pain ahead—then we’ll likely see strong gains follow
Let’s take a look at the 4-hour chart. We can now clearly see a completed 5-wave cycle, which appears to be wrapping up. As I mentioned in my recent analysis, this represents just wave 1 within a larger wave 3 structure. The Awesome Oscillator is showing a divergence, suggesting that a correction may already be underway. The correction target is the 0.5 Fibonacci level, around $90K
I advise against shorting this move unless you're highly experienced, as it goes against the prevailing trend
Best regards
Ivan Skyrexio
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