BTC - 1H Elliott Wave Analysis - 07.08.25Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PKanashimiBroGreetings and welcome back to another Bitcoin Elliott Wave Analysis! This Analysis is a bit more complex due to recent price action. The probabilities of the impulsive structure we discussed last time decrease as the price touched the 0.618 FIB at 114'209 USD of our supposed to be Wave 4 support area which is a warning sign. It invalidated the impulse we looked into last time. That doesn't mean we turn bearish yet. We are still looking for higher prices to come! We got two impulsive scenarios. The first is that we still follow the green count just that it now is a leading diagonal which means every Wave is a three wave move as ABC. For our green Wave 3 in which we currently are this would be the yellow ABC which could be finished but preferably we get another high to hit the 1 to 1 FIB target at 117'303 USD before finishing the green Wave 3 and starting the green Wave 4. Condition for this count is that we don't move below the last low at 155'555 USD which would shift probabilities to the other cases as the pullback would be too deep. The other possibility is that we get a reset of the green Wave 2 meaning that the recent move up we saw from the 5th August low is part of the green Wave 2 correction. In this case the move up would be an overshooting Wave B displayed as part of the pink ABC here. Unlike the other count we would prefer to start the move down in pink Wave C now as it would look better. This doesn't meant that we can't get another high in this count too. We want to make aware that in this kind of correction which is called expanded flat it is common for Wave C to either undershoot or overshoot Wave A. This means that usually we could get a shallow Wave C to around +- 115'000 USD or a long C Wave. The overshooting C Wave isn't possible here as it would go beyond the Wave 2 support area and invalidate the count unless we get another high first. Sadly we can't really calculate the C targets yet due missing price action but we wanted to make you aware of the possibility of it being shallow. :) Thanks for reading. We would appreciate if you boost the idea if you enjoyed it as we put extra work into this one. :D NO FINANCIAL ADVICE.