$BTC — Elliott Wave Update 29/7Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.Pcuoipham1209Price broke below the projected 62,979 low as expected, dipping further to 62,669.40 (07/28, 16:45) — then reversed hard, blowing straight through the 63,700-64,000 watch zone instead of rejecting there, and rallied to a high of 64,105.57 (07/29, 03:00). Currently retesting that zone, last close 64,050.52. Revised wave count (wave 3 extended further than expected): 1️⃣ 65,643.3 → 64,328.88 (-1,314) 2️⃣ 64,328.88 → 65,011.57 (+683) 3️⃣ 65,011.57 → 62,669.40 (-2,342, extended — low revised) 4️⃣ 62,669.40 → current (64,105.57 / 64,050.52), ~61% retrace of wave 3 — deep, approaching a critical level ⚠️ Key level: 64,328.88 (wave 1 low). This is the line in the sand for the entire bearish count: - If wave 4 stalls below this level → count stays valid, wave 5️⃣ lower remains on the table. - If price breaks above 64,328.88 → violates the "wave 4 cannot overlap wave 1" rule → the bearish structure is invalidated, and a larger reversal scenario needs to be considered. Price has been chopping sideways in the 63,450-64,105 range for ~14h, right up against the decision zone — no clear rejection candle yet. Watch plan: If rejected below 64,328.88 → bearish continuation toward 62,669.40 and possibly lower. If price breaks and holds above 64,328.88 with strong momentum → bearish scenario is off the table, structure needs to be re-read to the upside. Personal technical view — not financial advice, always manage your own risk. #BTC #ElliottWave