$BTC Short-Term Elliott Wave Update – 30mins Chart

We just completed a 5-wave impulsive move upward:

✅ Wave (1) to (5) formed a classic bullish structure.

Now entering an ABC corrective phase — likely a ZigZag correction.

🔻 Current Structure:

Wave (a) has completed with a strong bearish move.

Wave (b) was a lower high – textbook retracement.

Wave (c) is now unfolding and heading down aggressively.

🧠 What's next?

Two key Fibonacci extension targets:

📌 1.293 extension ➜ $104,102

📌 1.618 extension ➜ $103,181

This gives us a bearish short-term outlook, unless price sharply invalidates the structure above Wave (b).

💡 Potential Moves:

Break below $104.1K = confirms continuation to $103.1K zone.

Hold and bounce at 104.1K = minor bullish retracement possible before final leg down.

🧭 Watch closely for price action near these zones. This correction could set up the next major long entry if Wave (c) finishes clean.