The move to 97,924 can be interpreted in few different but structurally valid ways. Here are both scenarios phrased clearly and cleanly:

đŸ”č 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)

đŸ”č 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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