BTCUSDT

Hello everyone.
As you can see, Bitcoin has entered a corrective phase after reaching its high around $126,000. From an Elliott Wave perspective, this correction currently appears to be taking the form of a double zigzag (WXY) and seems to be approaching its final stages.
At the moment, the market is developing Wave B of Y. This wave could continue its temporary rebound toward the $69,000 to $72,000 range before facing renewed selling pressure.
If this scenario unfolds, Wave C of Y is expected to begin afterward. The $44,000 to $48,000 region could provide an attractive target for the completion of this corrective structure. Should the market show the necessary confirmation signals in that area, Bitcoin may present a compelling buying opportunity for the start of a new bullish trend.
As always, this scenario remains valid as long as the market structure continues to align with this analysis, and proper risk management should be observed at all times.