#BTC
Wave Analysis:
It seems that the price has completed a major upward impulse wave (1–5) and is now entering a corrective wave (A-B-C) that is sideways or short-term downward. Continued correction is likely, and we may witness a retest of the 114,000 areas if buying strength does not appear.
Gann Analysis and the Square of Nine:
The recent strong move approaches a critical price area around 121,000–123,000 according to Gann's cyclical angles, which are areas that often reverse the direction of movement or lead to strong fluctuations. The Square of Nine indicates that the nearest dynamic support is around 114,800, and any breakout of this level increases the chances of a temporary decline.
Overview:
The near-term outlook is sideways to downward (corrective). Monitoring the 114,000 area is important—breaking it is a negative signal, while staying above 120,000 gives a boost$BTC
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