$BTC ### **Wave Theory Strategy**

1. **Bullish Scenario**:

- If the price breaks above 85,500 and stabilizes above the mid-term EMA (86,710), it confirms the start of Wave 5, targeting the previous high of 109,588 (weekly resistance).

- If the short-term support of 83,275 holds, it can be seen as the completion of Wave 4 correction, positioning for long positions.

2. **Bearish Risk**:

- If the price falls below 83,275 and OBV declines simultaneously, it may enter a larger level adjustment (like an ABC three-wave structure), targeting 80,547 (EMA99) or lower.

- If the mid-term EMA (86,710) continues to apply pressure, beware of false breakout risks.

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### **Conclusion**

The current price is in the **adjustment phase of an uptrend** (likely Wave 4), and in the short term, attention should be paid to the breakout direction of the resistance at 85,500 and support at 83,275. If it holds above the resistance level, it is expected to initiate Wave 5 upward; if it loses support, the adjustment period may be extended. It is recommended to combine EMA and volume dynamics for tracking, avoiding counter-trend operations.