BTC Next move 🔥🚀
🚀 Hey friends! Let’s talk about Bitcoin’s next move! 🔥
Hi everyone! Hope you're all doing great. 🌟 Today, I’m sharing an updated Elliott Wave analysis on BTC/USD, and let me tell you—it’s getting exciting! We’re at a key point in the market where Bitcoin could be setting up for an explosive Wave 5 rally, or… it might need a deeper correction first. 🤔 Let’s dive in!
📊 BTC/USD - Elliott Wave Analysis (Simple Count & Current Data)
This analysis follows the simplest wave count based on current price action, plotted on an arithmetic chart. However, if we switch to a logarithmic scale, a different structure becomes possible—something we’ll discuss later!
Right now, BTC is moving within a classic five-wave Elliott structure, and we’re in the middle of a critical Wave 4 retracement before what could be the final push to new highs.
💡 Elliott Wave Breakdown
📌 Wave 1: Strong impulsive breakout 🚀
📌 Wave 2: Healthy retracement (38%-50% Fibonacci correction)
📌 Wave 3: The most extended bullish move, breaking major resistance zones
📌 Wave 4 (Current): Correcting between 23.6%-38.2% Fibonacci retracement
📌 Wave 5 (Upcoming?): Potential push to 125K-150K if BTC holds key levels!
🎯 Key Levels to Watch
🔹 Strong Support (Wave 4 Zone): $91,349 - $98,719
🔹 First Bullish Confirmation: Break above 109K
🔹 Breakout Target Range: 125K - 135K
🔹 Ultimate Target: 147K+ 🚀
🔹 Invalidation Level: If BTC drops below $73,954, this wave count becomes invalid.
🛠 Trading Strategies & Two Possible Scenarios
✅ Bullish Idea (Simple & Aggressive Count)
If BTC holds the 91K-98K range, it’s likely forming a Wave 4 correction before a massive push higher.
Break above 109K confirms the bull run, and we can look at 125K+ as the next big move.
❌ Bearish Risk (Alternative Logarithmic View)
On a logarithmic chart, another possibility exists.
If BTC breaks below 91K, we might see a deeper retracement toward 74K.
A drop below 74K completely invalidates
