📉 $BTC : The Correction May Not Be Over Yet

On the weekly timeframe, Bitcoin remains within a broader corrective descending channel.

According to my Elliott Wave analysis, the market has likely completed Wave 4 and is now moving lower as Wave 5 develops.

The projected completion zone for Wave 5 lies around the 60%–70% Fibonacci retracement level of the previous bullish trend. This suggests a potential target near $47,000, while a deeper correction could extend toward $27,000.

In my view, Bitcoin is still trading within a corrective phase. Exercise caution, manage risk carefully, and avoid overexposure until the market confirms a new trend direction.

This is not financial advice.