BTC UPDATE:
This is the zoom in perspective when it comes to BTC as well as we can see that price is actually in this wave 4 correction of the overall wave cycle.
In ABC sub wave correction pattern, which also is the C wave with a broadening wedge pattern or bullis flag pattern with 5 waves structure inside it.
In this case , we can see that eventualy, the price is now coming into the area of the sub wave 5 which is coming to the end of this correction phase.
I think we will found a bottom right around the area of 38.2% fib and this level is the March 2024’s high if we break below 0.50 l3vel.
All of the analysis is moving in the same way with the Trump’s tariff policy, which always led to the impulse wave down.
This is good because the delta-neutral is still seeing the market as the net buy so basically it’ll need FUD to drive the market down. In this case, price dropped because of the trade war highlight.
My thought is still the same, another impulse wave (probably the last one) is likely from this perspective.
