For me, the broader signals for $BTC still lean bearish overall. In this current top formation, the upside momentum looks like it’s gradually losing strength. My key resistance level, which also aligns with the projected Wave 5 target zone, is around $83.8k.
On the 4H chart, price action is starting to resemble a triangle formation. A confirmed breakout above $82.45k would strengthen that view. Typically, triangles appear within Wave 4 structures, which would make this setup quite unusual for a...