Over the next few days I’ll refine the levels, but for now $BTC is sitting right at the key invalidation point for the Wave C setup around $76,985.
Typically, a break into lower lows would invalidate this structure, but at the moment there’s still no clean confirmation either way.
If price holds here and pushes higher, the structure likely shifts into a broader corrective phase where a better buying zone forms later. If it breaks down strongly instead, that would point to a more impulsive move lower.
Either way, I still lean toward lower prices eventually. At this stage it’s essentially a 50/50 setup, so I’d rather wait for clearer structure to form.
For downside, a clean breakdown could open a move below $60K. If we instead see another corrective push up, $72K–$70K may become the next key area of interest.
For now, I’m staying patient and mostly inactive on BTC.