【Is the pancake at its peak? $BTC 】(X-Y wave) This rising segment has formed or is about to form a complete simple zigzag correction wave. It is predicted to bounce back to the upper Bollinger Band of the daily line around June 11 - June 12, 109097-109599-110211 (already realized), with an extreme case reaching 111434.25, which has already been realized.

If it is a simple zigzag correction wave, there are two counting methods:

(1) The simple zigzag correction wave has ended (yellow solid line), which also means that the rebound at 100372 has the possibility of ending. Breaking through 108767.24 would confirm this.

(2) The simple zigzag correction wave has not yet ended (purple dashed line), the pullback will not effectively break below the purplish-red Gann angle line 1/1 line. After the pullback, the bounce can reach up to 111434.25 or today's daily upper Bollinger Band 111634-111256, and it will require one 30-minute golden cross + one 30-minute dead cross for the rebound to be considered truly over.

Unless it evolves into a double zigzag correction wave or even a triple zigzag correction wave, there is a possibility for B to break out to a new high at the monthly upper Bollinger Band 115475-116290.

Important support only looks at the 6-hour bbi and 4-hour bbi, currently at 107339-108058. For ultra-short term key support, look at the 30-minute bbi, currently at 109593 (a brief break below, whether it can recover is very important).

An effective break below the 30-minute bbi + 15-minute + 30-minute macd dead cross can initially suggest the peak.

An effective break below the 6-hour bbi and 4-hour bbi + 4-hour macd dead cross can finally confirm the peak (but the lag will be significant)