₿ Bitcoin | The Structure Must ConfirmBitcoin / US DollarCOINBASE:BTCUSDMehdi_Abbasi_EWPConservative Scenario — Wave (II) Complete or Correction Still Developing? In the Conservative Scenario, the current structure may indicate that a Double Zigzag has been completed and Wave (II) may have ended. However, this count still requires confirmation through price action and wave structure. To confirm the completion of Wave (II), we would expect the market to develop impulsive price action—preferably a valid Impulse pattern, or structures such as a Leading Diagonal or nested 1–2 and 1–2 sequences that could signal the beginning of a higher-degree bullish move. The way the subsequent correction develops will also be important, as it should remain structurally consistent with the preceding impulsive move. On the other hand, the Aggressive Scenario still interprets the current move as a corrective structure for the next Wave X. If this move fails to demonstrate impulsive characteristics and instead remains corrective, the probability of a larger ongoing correction increases. So far, the larger corrective structure contains seven swings and remains consistent with a Double Zigzag. Therefore, we cannot confidently declare the correction complete yet. If the corrective character continues, the structure could become more complex and potentially develop into a Triple Zigzag with 11 swings. For now, any corrective structure remains possible, and we should allow price action to reveal the character of the next move. If the market develops a strong Impulse, Leading Diagonal, or nested 1–2 structures, followed by appropriate corrective retracements, the Conservative Scenario would gain significantly more validity. This would increase the probability that Wave (II) has completed and that a new bullish cycle is beginning. However, if the current move remains corrective, the Aggressive Scenario remains valid, and the market could complete another Wave X before developing another corrective leg to complete the larger structure. At this stage, we are not predicting the end of the correction; we are waiting for the structure and price action to confirm it. — Mr. Nobody Independent Elliott Wave Principle Researcher “Patterns whisper. I listen.” 📊🎧 Bitcoin Jul 25 Bitcoin: Wave (V) Begins or a Larger Zigzag Continues? | Elliott