Bitcoin Elliott Wave Scenarios

🔴First scenario is a drop to 93k, it resembles the structure from July 2024, visually it seems more likely to me, no lie.

🔴🔴If it drops below 108200, the probability of this scenario increases significantly, I am waiting for this to take a short position.

🟢The second scenario is a continuation of the rise at least up to 116k, as long as it does not drop below 108200, it is a very reasonable scenario.

In fact, considering this scenario, it would make sense to go long from here and switch to short if it drops below 108200, but for some reason, I didn't feel like going long from here, it seems to me that a drop is more likely.

In summary, according to my analysis, short below 108200, long above it. So why 108200? Because it enters a range in a small time frame there and at the same time, the upward momentum is lost. #Bitcoin