Letโs put the panic aside and cut through the FUD โ it's time for clarity! ๐ง ๐ฅ
Thereโs a rumor storm brewing that BTC is headed to 10K ๐ โ but hereโs the truth:
Weโre still on track in a strong bullish wave ๐ and this recent drop is just a healthy correction. Let me break it down simply but powerfully. โก
๐ Previous Analysis Recap:
When Bitcoin hit $93K, I called the start of a massive bullish impulse.
Then at $97K, I doubled down and said this was a breakout moment.
After that? ๐ฅ BTC smashed $100K+, confirming the upward trend and breaking its previous ATH.
โ That breakout was the confirmation of a new impulsive wave.
The current pullback? Itโs part of the process โ not the end of the journey.
๐ Elliott Wave Breakdown (Simplified):
๐ Wave 1 started after BTC fell from 109.5K to the 76.8K area, then launched a 5-wave rally ๐
๐ Wave 2 correction came next โ totally normal
๐ Wave 3 pushed us up even harder ๐ผ
๐ Then Wave 4, a short dip
๐ Followed by Wave 5, taking us all the way to $111,980 ATH ๐
That completes Wave 1 in a bigger structure.
๐ Now What?
We're currently in Wave 2 correction of the larger structure, and here's the golden rule:
โ As long as BTC stays above the 74.5Kโ78K zone, the bullish impulse is 100% valid.
โ Only if it breaks below that, we rethink the structure.
๐ก What You Should Know:
๐น Weโre in the calm before the next storm
๐น Altseason is still on the table โ just delayed, not denied ๐ธ
๐น Structure is valid โ
๐น No need to panic โ wave theory supports this correction
โ ๏ธ Bottom Line:
This is NOT the end of BTC.
This is the build-up before liftoff. ๐
Weโre likely entering Wave 3 of a much bigger bullish structure that could take us to mind-blowing levels in the months ahead.
So... is Bitcoin dead?
Absolutely not.
Itโs resting before the next explosion. ๐ฃ๐ฅ
๐ฌ Share this with every crypto friend whoโs panicking.
Let them know: the storm is just clearing the path for the sun. โ๏ธ๐