The current BTCUSD structure shows the market completing a major impulsive wave, followed by a corrective phase that is still unfolding. The correction has taken the form of overlapping subwaves, suggesting consolidation rather than a sharp reversal.
Within this corrective movement, smaller waves are building a base that could serve as the foundation for the next impulsive leg. The pattern indicates that the market is preparing for renewed momentum once the corrective sequence is fully exhausted.
The overall wave count continues to favor a bullish continuation scenario, provided the corrective structure resolves in alignment with classical Elliott principles. Traders should watch for the transition from consolidation to impulse as the next defining move.
✅ Trade here on $BTC
