š Bitcoin Market Update ā New All-Time High š
š Latest Price Action:
Bitcoin hit a new ATH
Approaching macro target zone near $130K for this bull market.
š Key Structure:
Larger wave count: Wave 1 (2022 low) ā Wave 2 ā Wave 3 ā Wave 4 ā Wave 5 in progress.
On micro level: Possible ending diagonal pattern.
šÆ Key Levels to Watch:
First micro support: $116,930 ā $121,358.
Break below $116,930 = early warning of short-term weakness.
Major invalidation: $112K (2nd Aug low).
š³ CME Gap:
Exists between $116K ā $119K ā potential magnet zone for price.
ā Outlook:
As long as pullbacks remain corrective and $BTC holds above $112K, bias stays bullish.
Consolidation likely before next push higher.
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