Updated

btcusdt

The bitcoin trend remains vague. It looks like the wave we had so far was a correction wave in the smaller cycle. Corrective wave in the weekly time of Irregular. But it is difficult to understand where C wave ends.
The final two rolls can be seen to start a new trend
The first ranges from 40 to 45. It becomes a correct pattern of flat running.
The second returns from the 30-irregular flat range.

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Only in one case does the third wave of Elliott return to the first wave of the same.

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In this case, wave 4 enters the first wave, but a wave 5 rises

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In the short term, it seems to drop to the level of 44500 to complete this pattern

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Bitcoin is at a critical juncture
Going below 44500 completely violates our Elliott terminal pattern.
Being below this range activates the abc correction scenario discussed in the main analysis.

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The end triangle pattern in question is no longer correct and can not be calculated.
Why. The main scenario is the analysis of the abc correction pattern.
The main question is this correction is irregular running flat
or irregular flat.
To be corrected, it must be completed in areas above 30,000.
And if it goes below 30,000, this is not a running correction.

The important thing about Elliott is that running correction is strongly related to buying pressure. And there are times when the pressure to buy currency is high.

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We still have to wait for the end of 5 falling waves until finally the C wave ends. It is likely to return to 42k and then drop again to 32k and then start an upward wave according to previous analyzes.

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