If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high.
Structure Breakdown
Bearish View: We’re completing a textbook expanded flat from the ATH:
A wave started May 23
B wave pushed to a lower low.
C wave began May 25 and is likely wrapping up now
If valid, this sets the stage for a powerful Wave 3 down.
Bullish View: The May 25 low marked the end of a corrective phase:
Rally from that low is an impulsive Wave 1
A pullback to the 108k golden zone would represent Wave 2
Wave 3/C up could follow from that base
What to Watch
The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows.
Outlook
This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms.
Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast.
Trade safe, trade smart, trade clarity.
BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high.
Structure Breakdown
Bearish View: We’re completing a textbook expanded flat from the ATH:
A wave started May 23
B wave pushed to a lower low.
C wave began May 25 and is likely wrapping up now
If valid, this sets the stage for a powerful Wave 3 down.
Bullish View: The May 25 low marked the end of a corrective phase:
Rally from that low is an impulsive Wave 1
A pullback to the 108k golden zone would represent Wave 2
Wave 3/C up could follow from that base
What to Watch
The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows.
Outlook
This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms.
Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast.
Trade safe, trade smart, trade clarity.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.