📉 Healthy Correction or Trend Reversal? Elliott Waves Reveal the Path! 🚀
The High-Risk Assets Digital Currencies ($BTC ) chart displays a textbook setup according to Elliott Wave Theory, supported by key liquidity zones (FVG). Here is the roadmap:
🌊 1. The Elliott Wave Scenario: Prices have completed a 5-wave Impulse structure. We are currently navigating a standard A-B-C Corrective Wave. The market is looking for the final leg down (Wave C) to flush out weak hands.
🎯 2. FVG & Reversal Zone: The target for Wave C aligns perfectly with the Fair Value Gap (FVG) shown in the green box ($92,500 - $94,000). This area acts as a magnet for price to fill inefficiencies before the next leg up.
📈 3. Moving Averages Strength: Crucially, BTC is trading well above the MA-50 and MA-100. These dynamic support levels confirm that the macro trend remains Bullish.
💡 Verdict: Watch for a potential bounce from the green box zone targeting a breakout above $100k.
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