Bitcoin is currently showing signs of completing a corrective wave (4) in a potential Elliott Wave structure. The current rising wedge (ABCDE) pattern suggests a likely short-term breakdown toward the $101,000–$100,000 support zone. This short position aligns with the ongoing short-term bearish momentum (wave 5 expected), but within a broader bullish trend. Long-term outlook remains positive, with the potential for a strong continuation upward once the correction is complete. ;D
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