Shared this few hours ago while it was 83k and now its already happening dump to 81k,

The move to 97,924 can be interpreted in few different but structurally valid ways. Here are both scenarios phrased clearly and cleanly:
🔹 Scenario 1 — It was Wave B of a larger A-B-C correction
If we count 126,200 → 80,600 as Wave A,
then the rally to 97,924 is a shallow Wave B (≈38.2% retracement).
Because B did not reach the 50–61.8% zone, this suggests a weak B wave, which typically leads to a strong Wave C down.
Implication: Wave C would likely extend to at least equality with Wave A.
Wave A length = 45,600
Projected C target = 97,924 − 45,600 = 52,324
➡ This scenario expects a much deeper decline toward the 52K area
➡ Structure = A–B–C correction (bearish larger degree)
🔹 Scenario 2 — It was nested correction aka wave B inside of Wave IV from that unfinish correction???
If we instead count the structure as a 5-wave impulse from 126,200, then:
Wave I = 126,200 → 102,000
Wave II = 102,000 → 116,400
Wave III = 116,400 → 80,600 (extended)
Wave IV = 80,600 → 97,924
In this case, the move to 97,924 is a complex Wave IV correction.
✔ Wave IV retraced ~50% of Wave III (not Typical but i guess sometimes ITS happen as this is wild market with some exceptions???)
Wave III range = 116,400 → 80,600 = 35,800
50% retracement = 80,600 + 17,900 = 98,500 area
Price topped at 97,924, which is very close to the 50% retracement zone
✔ Wave IV often:
Moves sideways and overlaps internally
Contains smaller A-B-C swings inside it
Takes longer in time
Looks like multiple “B waves” during its development
All of those match the current behavior.
Implication: The market is now in Wave V down, which is typically weaker after an extended Wave III.
Projected Wave V targets:
Weak V (0.618 × Wave I) → ≈ 82.9–83K
Normal V (equal to Wave I) → ≈ 73.7K
➡ This scenario expects one more drop, but not as deep as 52K
➡ Structure = 1-2-3-4-5 impulse completing a correction
What Happens If Price Stops at 83K?
If price declines and finds strong support near 83K:
✔ That fits a weak Wave V
✔ That completes a full 5-wave impulse down from 126,200
✔ That means the entire larger correction is finished
After a completed 5-wave structure, market typically begins a larger degree reversal or new bullish cycle
Otherwise, we will lead into 73K
If price fails to hold 83K and continues lower:
Wave I length = 24,200
97,924 − 24,200 = 73,724
✔ This would still be a valid Wave V completion
✔ Structure remains a 5-wave impulse, just with a deeper final leg
So a move to 73K does NOT automatically mean Wave C to 52K
It can still be the final Wave V flush before reversal
So we will see which one is the true one.
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$BTC