$BTC 45-min Chart Analysis

Bitcoin 💰 has just completed a clean 5-wave impulse move, peaking near $109K, and is now entering a short-term ABC correction phase.


Wave Count Overview🔎

(1)-(5) impulse wave completed

Wave (a) correction underway – already bounced off local support

Currently tracking Wave (b) relief rally


🔁 Wave B Retracement Key Level

0.618 Fib = $108,004

This level is a critical rejection zone. If BTC faces resistance here, expect continuation toward Wave C next.


🔻 Short-Term Scenarios

Bearish Case (ABC plays out)

🅰️ Wave (b) bounce may fade near $108K

🅱️ Wave (c) could drag price down toward $105.5K–$106K zone for completion


Bullish Case (Shallow Correction)

Holding above $107K and breaking $108K cleanly could invalidate Wave C

Price may resume impulsive structure if no deeper correction follows


⚠️ Key Observations

This is a standard post-rally correction, not a reversal

No panic unless $105K breaks

Next 12–24 hours crucial: will BTC reclaim $108K or head into deeper Wave C?


The trend is still bullish — this short-term ABC is a healthy cooldown. If bulls defend above $106K and reclaim $108K, momentum could quickly flip back in favor of a new rally.