🟡 Bitcoin Correction in Progress – Eyes on Wave 4


💰 $BTC

BTCUSDT Perp: 117,941.90 (+0.46%)

Spot Price: 117,986.34 (+0.55%)



Hi traders,

Last week, Bitcoin completed a minor correction and pushed higher to complete Wave 3 (blue) of the current Elliott Wave structure.


We are now likely in a larger corrective Wave 4 (blue) phase.

📉 This correction could unfold as:



  • 🔺 A Triangle (no break of previous low), or


  • ⚡ A Zigzag (break of previous low into the bullish Daily FVG).


🔍 Once this correction is complete, the next upward impulse (Wave 5) could resume, offering a potential long setup.



🔄 Trade Idea:



  1. Wait for Wave 4 to complete.


  2. Look for an impulsive move up on lower timeframes.


  3. Follow with a minor pullback and a clear shift to bullish orderflow.


  4. Enter long positions with proper risk management.



📊 Let’s stay patient and let the market reveal its hand.

✅ React, don’t predict.


$BTC