🚀 $BTC Market Update – Bullish Structure Holds 🚀

Bitcoin continues to hold a bullish impulse structure, despite the recent deep Wave 4 pullback.

Key observations:

Invalidation for Wave 4: $110,500 (top of Wave 1) ✅ — still intact.

August Low Support: $112,000 must hold to keep breakout scenario alive.

Current move from the 2nd August low still tracking as a 5-wave advance.

📊 Short-Term Levels:

Immediate Resistance:

$118,658 – textbook Wave 5 target

$119,352 – minor Fib extension

$120,050 – key 61.8% Fib extension

$121,000 – 78.6% extension

Major Pivot: Break above $121,050 shifts bias to “Orange Count” scenario — a more direct run higher toward 130K.

Signal for Local Top: Drop below $116,460 (Saturday low).

💡 Market Context:

Media attention rising, especially around Ethereum — signs of late-cycle sentiment.

No major trend change confirmed; pullbacks remain corrective.

Above $121K → higher probability of shallow pullbacks and faster push toward 130K.

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