📍 Current Setup:
$BTC still following bullish roadmap from 2022 trend
Pullback was deeper than ideal but pattern remains intact
No sign of a confirmed top — watching for 5-wave move down before calling reversal
📊 Key Levels:
Major Milestone Target: $130,000 (watching closely for signs of selling pressure)
Upside Extensions Possible: $136,000 – $149,000 (100% C-wave extension)
Support Zones:
Short-term key: $114,000 (Fibonacci support)
Must-hold: $111,990 (August low) to maintain bullish momentum
Resistance Zones:
$120,200 – $121,835 (current test zone)
Next short-term resistance cluster: $120,695 – $121,450
📈 Scenarios:
Bullish Path (Preferred – Yellow Count):
Wave 4 possibly complete → Wave 5 could push price higher
Break above yesterday’s high = likely start of 5-wave advance toward $130K+
Alternate Path (White Count):
Current move is Wave 2 correction; deep pullback possible before continuation
A break below $114K could be early warning of bearish extension
💡 Market Takeaway:
BTC remains in a strong uptrend with room to extend beyond $130K. While short-term choppiness and overlapping moves could lead to a dip, the bigger picture remains bullish until proven otherwise. Traders should watch $114K for downside risk and $121K for near-term breakout momentum.
