I still primarily expect that we are entering a Wave 4 correction.
Key correction zone: $4,285 – $3,535
Rule: corrections usually retest the previous internal Wave 4 → so we should at least see a lower low under $4,062.
Wave 4 corrections are time-based → likely we’ll see an extended sideways range before continuation.
On the right side of my chart, I’ve sketched an alternative scenario: Wave 4 already completed, which would mean we push directly into Wave 5. In that case, the target zone would be $5,700 – $6,800, but that would also imply the completion of this upward structure, followed by a much larger correction.
I favor the Wave 4 sideways scenario for several reasons:
Wave 3 itself was very extended → not typical for a clean new 1–2 setup.
Within Wave 3, Wave 4 to Wave 5 was extremely extended → extended 5s often appear in Wave 3s.
$BTC Congratulations to Bitcoin for the largest bull trap of all time at this 7 year higher high false breakout. If we fall below $110,000 ranges, the range that took 6 months to break above, the bull market is over. #MarketPullback
🇦🇪Abu Dhabi’s Mubadala added over $90M to its Bitcoin ETF position, while the Abu Dhabi Investment Council held 8.2M IBIT shares steady through the Q1 drawdown. $BTC
🚨JUST IN: VanEck and Grayscale both filed amended BNB ETF documents with the SEC, raising expectations that $BNB could be next in line for a U.S. spot crypto ETF.
🚨JUST IN: 🇮🇷Iran will reopen its stock market on Tuesday after suspending trading during the conflict with the U.S. and Israel, according to IRNA. $TSLA
HYPE pumped +23% in the last 24 hours, adding $2 BILLION to its market cap.
Why it's pumping:
- Coinbase just became the official USDC deployer on Hyperliquid - The $5 billion in USDC on Hyperliquid earns 3.5-4% yield. That's around $200M a year. - That increases Hyperliquid's annual revenue by 25% - 99% of revenue is used to buy back $HYPE
$TON I think this one bounces soon at the 200ema 4h around $1.85. Placing some naked bids there. Sad days if this just fully retraces without a bounce... #TON
Bought some $JTO and waiting for some other trades right now...I think we bounce soonish. Don't know how strong this bounce will be but will play it level to level #JTO🔥🔥🔥
Debated buying some $OPN but chart still looks like it needs a bit more time to chop.
Going to check out another one today called $LMT limitless. It's on Coinbase spot which is pretty nice but the chart is pretty hard to read...it did a 2x recently from the lows but still unclear levels for me.
The exchange itself reminds me of a sports betting website, the UI and all. Volume looks pretty miniscule and I'm guessing these are going to play out a bit how regular exchanges do- the bulk of the volume is on 1 cex and then you have several other incumbents. Both Kalshi and PM will prob still be #1/#2 but there should be some decent repricing if and when Polymarket comes out with their token.
Going to keep checking others out too I think and make a list. #OPN
$TON I still really like this coin/ chart , not in it anymore due to greed in terms of entry but just watching....will probably put in a starter position and then buy more if it comes down to my levels. #TON
$NEAR : Everyone is shilling this one, I haven't traded it in a bit. It's always one of the better coins for a lot of reasons: It's AI adjacent, it's a L1, it's also got great tokenomics and high float (no VCs to dump on you). It's got a cracked team and the narrative is there.
With that said, TA wise, it's right near the 200d EMA, always an area to watch out for (BTC is also in the same area ironically). It's had an s/r flip of that recent high but overall, I would probably be a bit cautious in the short term given the BTC price action.
If this is a longer term position, I think you make money though. Zoom out and you can see this coin got utterly decimated (as every other coin did too) #NearBullish
$BTC lower time frame look, price looks a bit heavy right now in the short term. Not sure why price is grinding down but this area was always something I was looking at (200d EMA). If we continue grinding lower, I'm looking around the 200 EMA 4h around 76k. #BTC