BTC Price Action AnalysisHad to update the earlier Elliot wave count because the most recent move up looks far more like an impulsive structure than a corrective one
Tomorrow’s FOMC meeting is stirring up extra volatility.
I’m anticipating a run-up toward the $100K area before a larger retracement sets in. Psychologically, $100K is a major round number that could attract late retail buyers often becoming exit liquidity for earlier players. A sharp move up could squeeze remaining shorts and generate momentum, only to trap new longs before the market turns lower.
