$BTC

📊 Bitcoin (BTC) Analysis According to Elliott Waves

🔹 Current Situation:

• The bounce from yesterday's low seems to be a structure of only 3 waves, which means there is no confirmation yet of a strong bottom being formed.

• The price has not yet broken the previous high.

🔸 Confirmation Conditions:

• First required breakout: $114,050 ✅

• Second and most important breakout: $114,850 🔑

(Only then can it be said that a local bottom may have formed).

🔻 Bearish Scenario:

• Wave (5) downward may develop as an “Ending Diagonal” pattern, meaning the internal structures will be 3 waves and not 5 traditional impulsive waves.

⚖️ Conclusion:

• The market is still in an uncertain phase.

• Without breaking the above levels, the possibility of further decline remains.

• Likely model: Downward wave (5) in an Ending Diagonal.