I'll provide more details in a summary tomorrow~
![$Bitcoin (BTC.CC)$ The timing is after the impulse wave 3â4. From a mid-term perspective, a descending wedge is being formed, with the wedge tip at $76,396. The issue arises after the short-term trend ends. Whether it can transition from a short-term uptrend to a medium-term uptrend will be the key going forward. The pullback levels for the medium-term impulse wave 1 to 2 are expected to be between $67,710 and $65,349 (Fibonacci 61.8â78.2%).[Emm] If it breaks here, itâs almost certainly a ð. The downside target is looking at a drop to below $56,000-$50,000. Conversely, if the pullback level holds, the impulse wave 2â3 will be confirmed, with an upward target of $84,000, likely marking the end of the bottoming process.[Concerned]](https://sgsnsimg.moomoo.com/sns_client_feed/181457907/20260306/ed7f8a48800ef035f77f75f16492ca68.jpg?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
The timing is after the impulse wave 3â4.
From a mid-term perspective, a descending wedge is being formed, with the wedge tip at $76,396.
The issue arises after the short-term trend ends. Whether it can transition from a short-term uptrend to a medium-term uptrend will be the key going forward. The pullback levels for the medium-term impulse wave 1 to 2 are expected to be between $67,710 and $65,349 (Fibonacci 61.8â78.2%).
If it breaks here, itâs almost certainly a ð. The downside target is looking at a drop to below $56,000-$50,000.
Conversely, if the pullback level holds, the impulse wave 2â3 will be confirmed, with an upward target of $84,000, likely marking the end of the bottoming process.
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