Bitcoin short squeeze from $60k to $110k is VERY likely. P. 3/3.

This is the third and final building block, covering the Elliott Wave structure of the consolidation since February 2026 — which also looks very promising and confirms the thesis.
In February, there was a small wave (A), followed by wave W of (B) down, which was clearly corrective.

The next wave was a leading diagonal as wave a of X of (B). As the name suggests, leading diagonals are always followed by an impulse — which is exactly what happened in wave c of X of (B), after a small pullback in wave b of X of (B). Wave X of (B) completed around the $83k area. What followed was a sharp drop toward MA200 W1, which attracted price like a magnet. This drop was sharp but clearly corrective — no clean 1-2-3-4-5 impulse structure.

This wave looks impulsive because it is supposed to look impulsive. It's a trap.

Traders expecting wave (B) to have been the end of the correction will short what they believe is wave 4 of a new impulse down — and that will trap them in a short squeeze.

Wave Y of (B) ended exactly at MA200 W1. Price cannot go meaningfully lower from here — the concentration of limit buy orders at this level exceeds any other level on the chart.
What follows is wave (C). I expect a swift and sharp move up to the (B) high around $84k, liquidating everyone who shorted the supposed bear market. Then a pullback — followed by a straight push to $110k.

This is the final building block. Part 3 of 3.