$BTC End of the Fifth Wave: Is the Historic Bitcoin Correction Starting?"
📈 Where do we stand now?
- The fifth wave peaked at ~130,000 USD, aligning with Fibonacci extensions between 120K–122K.
- Technical indicators like RSI and negative divergence indicate weakening bullish momentum.
- Breaking the red triangle in the fifth wave supports the idea of a final top.
🔄 What’s next?
- Possible ABC correction:
- Wave A: Drop towards 55K–62K.
- Wave B: Bounce towards 80K–90K.
- Wave C: Final drop towards the 30K–35K area, which is a historic accumulation zone.
⚔️ Critical points:
- Breaking the 100K level will be a strong signal of the end of the fifth wave.
- Monitoring the bottom of wave C could be a golden buying opportunity for long-term.
🧠 Summary of Strategy:
- If you are a long-term investor, prepare for buying areas during corrections.
- However, if you are a short-term trader, be cautious about entering wave B as it may be deceptive.