I will immediately outline the possible variations for Bitcoin that I have discussed in my reviews.
In the case that our growth has ended with a terminal diagonal with the peak of wave 5 at the mark of 126,000, the current movement can fit into 2 models.
Option 1 - a 5-wave structure down, which can be marked as wave A of the cycle, then there would be B and C with movement to 50k and below.
Option 2 - a completed WXY structure, which ends with wave Y in the structure 98 - 69,000.
In both variations, growth from the current point is possible through an entry impulse.
Variation through the plane with a peak at 110,000 from January 2025, and the formation of ABC with the end of wave C in a terminal diagonal, in this case, we have completed 3 waves down, there will be 4 and 5.
In all variations, a rebound, correction, price reversal upwards can be expected, and one must carefully monitor the candle structure on the 4-hour and daily charts.
$BTC Bitcoin 4 hours. Support and resistance levels have not changed. 60k and here you can see a strong support zone. Below is the balance between buyers and sellers. And below you can see the liquidations of long and short positions.
$BTC Input and output of bitcoins from exchanges and to exchanges. It is known to you that when we see withdrawals from exchanges, it is for accumulation, and thus for growth. Conversely, what you see in green is input to exchanges, red is output. Below in the chart, it is clearly visible that the fewer bitcoins on exchanges, the higher the price.
The Binance SAFU fund purchases 4,545,#BTC worth 304.58 million dollars, resulting in a total asset volume of 15,000 BTC valued at 1 billion dollars, completing its Bitcoin accumulation plan.