The #BTC rally from the February low toward May looks more like a 3-wave advance than a clean 5-wave impulse.


That increases probability that:
the rise is corrective,
and another decline could indeed follow.
Potentially ......
Larger A down completed in February
B wave rally into May
C wave lower now beginning
Bullish invalidation
If $BTC impulsively reclaims and sustains: 82–85k, then the bearish case weakens considerably.
Bearish confirmation
If BTC breaks: 73–74k decisively, then probability increases sharply for:
68k
64k
potentially 58–60k
This aligns with .......
Prior support
Fib retracement territory
and possible C-wave symmetry.
RSI failed to regain strong bullish territory over 70
and is now rolling over near the midline and this often occurs during:
bear rallies,
B waves,
or distributive ranges.
BTC0.94%
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MrKing
· 3h ago
To The Moon 🌕
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MrKing
· 3h ago
2026 GOGOGO 👊
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