Wave Theory Interpretation:

According to the chart from May 19, 2025, BTC has evolved from a driving structure starting at 74508 to the extension phase of wave 3. The current price has just reached the target range of 106800–109588, which is 1.618 times the length of the regular wave 1, representing a typical wave 3 target. The chart clearly states that as long as there is no correction of 3594 dollars from the high point during the pullback process, this rise can still be viewed as an internal driving structure of wave 3, and it will continue to evolve towards a higher endpoint for wave 5 (expected at 125000). Conversely, if it breaks below the 3594 dollar level, it will be considered the end of wave 3, and the blue wave 4 adjustment will begin. It is important to emphasize that this 3594 dollar drop is not a fixed point, but a condition clue confirming the end of wave 3 based on price action.

In addition, from a structural perspective, the previous rise did not show any significant divergence signals, and the KVO and RSI trends support the upward trend in sync. If a price-volume/momentum divergence forms in the future, combined with a drop of more than 3594 dollars, it will serve as a confirmation signal for wave 4. Overall, as long as there are no excessive pullbacks, the price will launch into the 5th wave after a correction, targeting 125000. Currently, one should maintain a bullish outlook in line with the trend, but closely monitor changes in the pullback magnitude. $BTC