📊 Bitcoin Market Update – Watching Key Support
Bitcoin started the New York session strong, but no breakout yet — price is still ranging.
🔹 Current focus:
CME gap still open (used as support, not closed yet)
Only a 3-wave move up from lows — not yet a full 5-wave confirmation
Possible wave 4 sideways correction still in play
📉 Support zones:
Micro: $120,160 – $120,918
Main: $118,248 – $114,830
Break below $120,160 → higher chance of dip to ~$118K (100% Fib extension)
📈 Upside scenario:
Hold support → push for one more high → possible 5-wave diagonal pattern
Blue roadmap: breakout above Monday’s swing high could confirm higher prices
💡 Takeaway:
We’re still in a range, with both bullish and dip scenarios open. Watch the $120,160 level closely for the next big move.
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