BTCUSDT (4H) โ€” 5-Leg Downside Impulse ๐Ÿ’ฅ

On the 4H chart, BTC appears to be in a five-leg downside impulse, often ending with a push into a key Fibonacci extension area, followed by a potential reaction.

๐Ÿ“ Key Levels

Primary focus: 261.8% Fibonacci extension zone

First area for potential stabilization & bounce (confirmation required)

Secondary extension: ~84,856

Next logical downside if 261.8% fails

๐Ÿ”น What to Watch

Price reaction at 261.8% zone

Holding/reclaiming the zone

Break above descending trendline resistance

โœ… Trendline break + zone test โ†’ bearish momentum fading

โŒ If BTC stays below 261.8%, bounce scenario weakens โ†’ potential continuation toward 84,856

Current Price: 88,560.7 (-1.14%)

โš ๏ธ Not financial advice. Scenario-based idea โ€” waiting for confirmation.

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