106,600$ → 100,300$ → 116,000$
The third extended wave of Bitcoin has completed, and it is now going through a correction phase.
Wave 4 corrections often retrace to the 0.382 Fibonacci level.
Therefore, a price drop to that level is expected — around $106,600.
This correction is unfolding as a W–X–Y pattern.
In wave W, the internal ABC subwaves completed with wave C reaching 1.618 times the length of wave A.
Currently, Bitcoin is in the rising phase of wave X.
No one knows how high wave X will go,
but what’s important is that after wave X finishes,
one more lower low is expected — again around $106,600.
At that price level, I plan to open a $2 billion long position with 10x leverage.
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