Elliott Wave + Fibonacci Analysis — BTCUSDT (1D)Bitcoin / TetherUSBINANCE:BTCUSDTRasiya007📊 Elliott Wave + Fibonacci Analysis — BTCUSDT (1D) This chart shows a completed 5-wave Elliott impulse structure followed by an ABC corrective phase. 🔹 Wave Structure: * Wave 1–5 forms a clear bullish impulse * Wave 3 shows strong momentum (extended move) * Wave 4 respects key rules and retraces into the 0.5–0.618 Fibonacci zone * Wave 5 completes near the upper resistance zone with signs of exhaustion 🔹 Correction Phase: * A sharp A wave followed by a weak B wave * C wave extends downward, approaching key Fibonacci support levels 🔹 Key Zone: The current price is reacting around the 0.5–0.618 retracement zone of the overall move, which is a potential decision area. 🔹 What to watch next: * If price holds this zone → possible start of a new impulse (Wave 1) * If it breaks down → extended correction or sideways accumulation ⚠️ This analysis is based on price structure and probability, not certainty. Always wait for confirmation (volume, structure break, momentum) before entering trades. #ElliottWave #BTCUSDT #TechnicalAnalysis #Crypto #TradingView