Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead?

Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead?

Elliott Wave Insights: #Bitcoin may be forming an Expanding Diagonal (ED) in Wave 3, signaling potential retracement. Wave 2's shallow nature raises caution for long positions.

Scalp Short Setup:
⚫️ Entry: 106k–108k
⚫️ Targets:
◾️ 0.382 FIB: $90,048
◾️ 0.5 FIB: $85,063
⚫️ Stop-Loss: 4H close above recent ATH.

⚠️ Risk Management: Use tight stops; avoid high leverage. Bullish momentum persists.

Plan: Waiting for clearer corrections to enter long. Always DYOR.

BTC