$BTC According to the Elliott wave analysis, Bitcoin (BTC) is currently in a corrective phase after completing a bullish impulsive wave. This correction could be forming an ABC structure, where wave A marked the first retracement, wave B a partial bounce, and wave C could still extend further down. The analysis suggests that, after the correction ends, BTC could initiate a new impulsive sequence (wave 1 of a new cycle). To confirm the trend change, a structural break with volume and bullish divergences in indicators such as the RSI and MACD should be observed.