Elliott Wave and Fibonacci Retracement Insights
The linear scale, often overlooked in favor of logarithmic views during bull euphoria, unflinchingly reveals the raw momentum. Here, a horizontal green line at $84K acts as a psychological and structural bulwark, backed by confluence from prior swing lows and volume clusters.
Trading Strategies and Investor Guidance
For traders, this is prime chop territory: short the channel top with stops above $95K, or long the support with targets at $92K for a quick flip. Investors? View it as a discounted entry in Bitcoin’s inexorable march toward institutional adoption. History rhymes—recall the 2021 top’s false breakdowns before the halving-fueled ascent.
More Crypto Online notes, the linear truth doesn’t lie: $84K is the line in the sand. Will it hold for one last euphoric push, or prelude a multi-month reset? The charts whisper possibility, but conviction comes from your risk tolerance. In crypto, fortune favors the prepared.
