$BTC BTC Macro Structure Update – Elliott Wave View + Geopolitical Context

✅️Bitcoin is currently in a corrective wave (ii) after completing wave (i) from the macro wave 5, based on the Elliott Wave count.

📉 Price dipped to ~$102,600 amid Iran-Israel tensions, but rebounded to $106K, failing to hold that breakout. Now trading near $105K, BTC remains in a fragile structure.

📍 Key support zone: $100K–$101K

⚠️ If broken, BTC could visit the $88K–$93K demand area (0.618–0.786 Fib retracement), marking the bottom of wave (ii).

📈 Once that correction plays out, wave (iii) could target $120K–$130K, setting the stage for wave (v) into new highs by 2026.

📰 Fundamentals in Play:

Market reacting to Middle East conflict and Fed uncertainty.

Circle jumps 13% on IPO and Amazon/Walmart stablecoin news.

Traditional markets stable; crypto remains highly reactive.

📌 Conclusion: Wait for confirmation around the $100K zone. If held, next leg up begins. If lost, prepare for deeper retracement and late-stage buying zone.

Disclaimer: Educational content only. This is not investment advice. DYOR.