🌐Macro BTC Update – Elliott Wave Structure + Geopolitical Context
✅️Bitcoin appears to be entering the corrective wave (ii) after completing wave (i) of the big wave 5, according to the Elliott count on the daily chart.
📉 The price fell to the $102,600 region after tensions between Iran and Israel, recovered to $106K, but failed to sustain. Now it is moving sideways near $105K, still with a delicate structure.
📍 Key support zone: $100K–$101K
⚠️ If this support is lost, BTC may seek the range between $88K and $93K, the retracement region of 0.618 to 0.786 (Fibonacci), which would mark the end of wave (ii).
📈 If this correction confirms and respects this base, wave (iii) could project BTC to $120K–$130K, paving the way for wave (v) and new highs until 2026.
📰 Key fundamentals:
Market reacting to geopolitical tensions and a tougher stance from the Fed.
Circle surges +13% after IPO and rumors of Amazon/Walmart with stablecoins.
Traditional markets stable, but crypto remains volatile and sensitive.
📌 Conclusion: The $100K region will be decisive. If it holds, a possible start of the next high. If it fails, the last strategic entry zone between $88K and $93K.
Disclaimer: Content is for educational purposes only. It is not an investment recommendation. Do your own analysis.
