Bitcoin’s 5-Wave Rally Complete? Here’s Why a Correction to $90K Could Be a Golden Opportunity
The 4-hour chart is finally showing its hand — and it’s a compelling one.
After weeks of bullish momentum, the market seems to have completed a full 5-wave Elliott Wave cycle, suggesting that Bitcoin may be gearing up for a well-deserved breather. If you've been following my recent analysis, you’ll recall that this isn’t the end of the journey. Rather, it marks the completion of wave 1 inside a much larger wave 3 structure. That’s right — this move is likely just the beginning of something even bigger.
But short-term traders, take note: signs are emerging that a correction is already underway.
Elliott Wave Analysis: A clear 5-wave impulse appears complete on the 4h chart, aligning with classical wave theory principles.
Awesome Oscillator: We’ve spotted a bearish divergence — a classic signal that momentum is weakening even as price pushes higher.
Fibonacci Levels: The 0.5 Fibonacci retracement sits right around the $90,000 mark, a textbook level for a potential wave 2 correction before the macro trend resumes.
This aligns perfectly with a healthy market structure: strong rallies are always followed by corrections that set the foundation for the next leg up. In this case, $90K could act as the launchpad for a powerful wave 3 continuation — the most explosive wave in the Elliott sequence.
While a short-term dip may be on the horizon, this is not the time for inexperienced traders to go short. Trading against the trend can be risky, especially when the broader picture still points bullish. Remember: the biggest profits are made by riding the trend, not fighting it.
Instead, this correction could be a prime buy-the-dip opportunity for those looking to enter before the next major move. Long-term bulls may want to watch for price action confirmation near the $90K zone.
This market cycle is heating up, and while short-term corrections are healthy, the macro view remains incredibly bullish.
