#Bitcoin 30Mins Chart Analysis

$BTC has just completed a 5-wave Elliott Impulse on the 30-min chart — a classic sign that a correction phase is kicking in.

Here's the breakdown:

Wave (5) topped out around $95,000.

We are now in an ABC corrective structure.

⭐️ Wave (a): Initial dip from the top is already completed.

⭐️ Wave (b): Currently in progress — potential bounce toward $95,369 (0.794 retracement level).

⭐️ Wave (c): If correction deepens, a move toward $92,315 (1.618 Fibonacci extension) is expected.

Important Levels to Watch:

Immediate resistance: $95,369 — a potential reversal zone.

Support zone: $92,315 — crucial for bulls to defend.

Scenario:

If price fails to break above $95,369, expect a pullback to the $92,000-$92,300 area before the next move. This pullback could offer a great re-entry opportunity for swing traders!

Momentum is cooling off slightly, but the macro trend remains strong as long as BTC holds above $92K.