$BTC 🪙


At this point, I think we're looking at one more drop before starting an upward move that could take us to around $75,000. We'll adjust as we go, but right now here's what I think happens:

The liquidity pool hasn't been tapped yet.

The wave structure looks incomplete, missing a C-wave.

Everyone is expecting one more lower low.

Then, if it sweeps that liquidity, a ton of short stops from people expecting a lower low will get triggered, creating a wicked short squeeze (liquidation cascade). People who didn't buy the bottom will scramble to get in, pushing BTC higher than you'd expect for where we are in the cycle. That move would be the C-wave (sell zone).

I'm expecting a corrective start to the week giving me chances to go long around the 61K - 62K levels, and I'll probably grab some spot there.