BTC/USDT Technical Breakdown by Binance Square Family
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🔍 Bitcoin’s 8-Wave Pattern Explained
Bitcoin is currently following a classic Elliott Wave structure, comprised of five impulse waves and three corrective waves, labeled as 1, 2, 3, 4, 5, A, B, and C.
This pattern helps traders identify the underlying market rhythm and anticipate future price movements more accurately.
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🌀 Impulse Phase: Waves 1 to 5
Wave 1: Marks the beginning of the bullish trend.
Wave 2: A minor correction following the initial push.
Wave 3: Often the strongest and longest wave, fueled by broader participation.
Wave 4: A healthy pullback, typically shallow compared to wave 2.
Wave 5: Final push of the current trend before the correction phase begins.
✅ Summary: These five waves form the first leg of a larger degree trend.
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🔄 Corrective Phase: Waves A, B, and C
Wave A: The start of a pullback against the trend.
Wave B: A partial retracement, often seen as a bull trap.
Wave C: Completion of the correction, usually aligning with strong support levels.
These three waves typically unfold in a zigzag or flat pattern, and once completed, they pave the way for the next bullish cycle.
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📌 Key Takeaway for Traders
Understanding wave structure can help time entries and exits more effectively.
Currently, if Bitcoin has completed Wave C, we may be on the verge of starting a new five-wave impulse on the larger timeframe.
Watching how BTC reacts to key support and resistance zones during this phase is crucial for confirmation.
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🔮 What’s Next?
If BTC holds its ground and shows strength near the end of Wave C, a new uptrend could begin, starting from Wave 1 of the next cycle.
Confirmation will come with volume expansion and structural breakouts.
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