In the long run, we seem to be in an uptrend. Whether this is part of a corrective wave (2) or if (2) is already over—sending us much higher—we’ll see how the price action develops in 2025-2026. I think we're still in the red, but time will tell.
On the 4H chart, this is a quick markup based on an indicator. There’s no point labeling every nested wave—that’s necessary in traditional markets, but in crypto, it’s a Sisyphean task. Too many fluctuations.
However, my newly developed indicator from last week suggests that the price is ready to break out of the consolidation range to the upside.
Not advice.