BTC Market Structure: Cycle Top Confirmed?
On this chart, Bitcoin’s full impulsive move from 2017–2025 appears to be a completed 5-wave advance. The market has likely tagged a major (V) cycle high, and current price action suggests the early development of a higher-degree A/B/C corrective phase, with the initial (1)(2) already in place.
Key Observations:
• Previous advances formed clean impulsive legs.
• The most recent rally shows classic signs of exhaustion: extended fifth wave, blow-off characteristics, and lack of follow-through.
• The current rebound aligns technically as a wave (2) retracement after the first leg down — a common zone where late buyers regain confidence while larger participants quietly reduce exposure.
What Structure Suggests Next
The broader setup points toward a multi-year corrective sequence, potentially unfolding as a 5-wave decline (1–5). This phase would likely unwind excess leverage, speculation, and the “price only goes up” narrative that dominates late-cycle markets.
This is not the end of Bitcoin — but possibly the end of this market cycle. The coming period may be better suited for risk management, skill development, and long-term accumulation, rather than chasing momentum at elevated levels.
📌 Trade the structure. Respect the levels. Let the market confirm.
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