#BTCUSDT Update

Weekly Timeframe - Expected Elliott Wave Path

🐻 Sellers are adopting a cautious tone in price movement

✨ The current wave structure indicates that the market has completed an upward move, ending with a final extension within a final diagonal pattern, reflecting a gradual slowdown in buying momentum. With the price breaking through the key level and also breaking the lower boundary of the pattern, there is a high likelihood of a short-term corrective rebound.

👉 This rebound may be part of a classic reversal pattern development, as the inability to break above the upper boundary of the structure—along with clear signs of weakness—may pave the way for a strong downward wave to begin.

✔️ Based on these expectations, the price is likely to move downward within wave (C) of wave W, targeting the lower support levels shown on the chart. However, alternative scenarios remain possible if the price can rebound strongly from demand zones.

⚠️ A drop below 15,476.00 will completely invalidate this scenario.
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