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📈 Bitcoin (BTC) Long Position Outlook
Currently, Bitcoin has confirmed support after two valid Bat patterns played out. From an Elliott Wave perspective, the market is in a consolidation phase, and it’s unclear whether the next move will be an impulse or a corrective wave.
However, what’s important is that the next wave is very likely to be bullish.
So regardless of its type, this is a zone to consider a long position.
One important point to emphasize:
Do not try to predict the distant future with Elliott Wave or Harmonic patterns.
These tools are excellent for identifying short-term direction and entries, and our accuracy over time has proven this.
Instead of drawing overly extended scenarios, focus on high-probability short-term setups and place your bets accordingly.
For this reason, I’m presenting a long position at the current level.
🎯 Target Levels
1st Target: 103341
2nd Target: 103569
3rd Target: 103793
Adapt to the market structure,
and place strong bets only on what’s predictable.
📊 Strategic Implications of Rising Bitcoin Dominance
Recently, Bitcoin dominance has been rising significantly. This indicates that Bitcoin's upward momentum is currently the leading force in the overall market.
During such periods, many novice investors tend to accumulate altcoins instead.
They expect similar gains from altcoins as they see in Bitcoin, and often bet on relatively "cheaper" assets.
However, in reality, this is precisely the time to buy more Bitcoin aggressively.
There’s always a reason why certain assets fail to rise.
If a coin doesn't move even when the broader market is going up, it should be interpreted as a lack of relative potential.
✅ In conclusion,
In a dominance environment like this, a Bitcoin-centered portfolio is a more rational strategy than focusing on altcoins.
Staying aligned with Bitcoin’s trend is the smarter approach to increase the probability of profit.
