$BTC Analysts are predicting a potential ABCDE correction under the Elliott Wave Model, signaling a possible downturn in Bitcoin's price. The A → B move is projected to range from $110K to $78K, with a potential deeper leg down to $55K. Key levels to watch include:

- *Immediate Support*: $79,000, which is a recent low

- *Critical Support*: $73,196, a 0.618 Fibonacci retracement level

To navigate this potentially volatile market, it's essential to:

- *Zoom Out*: Take a broader view of the market to understand the larger trend

- *Manage Risk*: Be cautious and prepared for potential losses

- *Track Wave Structure*: Monitor the wave patterns to anticipate potential market movements

By being aware of these potential trends and taking proactive steps, investors can better position themselves for success.¹