Thats when we will unload , short , & head to new lows for wave C 👍🏼.
Bitcoin's Probable Path: A Three-Wave Correction in Play
$BITCOIN appears to be unfolding a classic three-wave corrective structure (A-B-C) following its all-time high near $125,000.
📉 Wave A – Ending Soon
Target Bottom: $68,000–$72,000
This zone is expected to conclude the initial decline from the peak, representing the first leg of the correction.
📈 Wave B – Relief Rally & Altseason Window
Target Range: $96,000–$103,000
Once Wave A completes, a substantial counter-trend rally should emerge. This phase would likely fuel a mini-altseason, offering strategic trading opportunities across select altcoins.
📉 Wave C – Final Decline to New Lows
Expectation: Following the Wave B peak, Bitcoin is projected to resume its downtrend in Wave C, likely establishing new cycle lows below the Wave A bottom.
Strategic Outlook:
This Elliott Wave framework suggests a tactical approach—accumulating in the $68,000–$72,000 zone, trading the Wave B rally, and preparing to short or exit ahead of the final Wave C decline.
As always, market structure can evolve; monitor price action at each key level for confirmation.
