📈 BTCUSD (Bitcoin) – Elliott Wave Weekly Analysis

Current Price: ~$90,700

Timeframe: 1W (Weekly)
Wave Structure: Impulse Cycle – in progress

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🔍 Elliott Wave Count

• Wave 1 completed near $69,000

• Wave 2 corrected to around $15,479

• Wave 3 top formed at $107,000–$110,000 zone (Ending diagonal wedge visible)

• Wave 4 correction in progress

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🟦 Wave 4 Expected Correction Zone

Key support levels:

Level	Purpose
$96,565 – first support	Minor reaction level
$90,000 zone – current testing	Ongoing wave 4
$69,000 major support	Final/Max correction zone
$62,000 – extension lower possibility	If panic liquidation

📍 Wave 4 typically retraces 23.6%–38.2% of wave 3. Current move aligns with expected correction.

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📊 Wave 5 Projection (Bullish Targets)

Once wave 4 bottom is confirmed, Wave 5 upside targets:

Wave 5 Target Zones	Levels
Primary Target	$147,000
Extended Target	$168,669
Major Fibonacci + Cycle Target	$187,805 – $197,547
Euphoria Top	$213,204

Time expectation: Mid–2026

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📌 Market View

📉 Short-term

Correction may continue until a bottom forms near $80,000 – $69,000 zone.

📈 Mid to Long-term

Bullish continuation toward Wave 5 mega cycle top.

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🎯 Strategy Thoughts

Style	Action Idea
Buy on deep dips	Accumulate near $80K–$70K
Breakout Trading	Above $110K
Profit booking	Partial at $147K / $168K, final at $190K–$213K

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⚠ Risks to Consider

• Macro volatility (Rates / recession risks)

• BTC halving euphoria corrections

• Regulatory uncertainty

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Summary

🔺 Bitcoin currently in Wave 4 corrective phase
🔻 Possible downside to $80K–$69K zone
🚀 Wave 5 upside potential: $147K → $168K → $190–$213K