$BTC BTC at the Crossroads: A Battle of Direction and Patience. From the daily chart, BTC has formed a relatively clear upward channel. The price has been moving within the channel for a long time and has now touched the upper resistance near 97,900. The daily candle closes are not strong, indicating that the short-term bullish momentum is weakening. Structurally, this gradually narrowing ascending wedge suggests a slowdown in momentum, which also aligns with the need for technical correction.

According to wave theory, wave 4 has already broken below the high of wave 1, implying that the ideal wave 5 rally is unlikely. The market needs to rebuild the wave pattern, and the next movement will enter a consolidation or reversal phase.

The head and shoulders pattern is also becoming clearer—left shoulder at 94,800, head at 97,900, and if it rebounds to the right shoulder area around 94,500, it will be a signal for a short entry.

From the 15-minute perspective, wave A has completed its correction and is now experiencing a B wave rebound phase. On a smaller scale, watch the resistance near 94,000, with a minor support at 90,500. This is a short-term bullish line of defense. A stronger support is around 94,100, which is the recent two-month low. If this level is broken, the correction will deepen further.

Currently, the market stands at a crossroads of bullish and bearish choices. Every touch of resistance or support is a test of emotions and a contest of conviction. I will stand on the bearish side, waiting for the second test—see you at 84,000. No chasing highs or selling lows; waiting for key levels to clarify, the market will always give us the next opportunity.