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