In my opinion, the Bitcoin waves are shaped like this, but the end of the fifth wave is uncertain. From my perspective, if Bitcoin falls below 89000$ before touching a price above $110,000, it indicates that the end of the fifth wave was at 110000$, and it is now in the corrective phase of its cycle and it can touch 50000$ or lower.
LINK is positioned on a crucial support level and can move up to higher levels from here. However, its movement is highly dependent on Bitcoin; if Bitcoin declines, LINK's support will also break.
