Bitcoin by Ace: Elliott Wave Trading 8/12Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.Pcuoipham1209🔴🔴 SELL #BTCUSD 🔴🔴 ✅ Entry: 64992.6 - 64626.3 🎯 TP: 62371 - 60989 - 58752 🛑 SL: 65530 signal score: 48/60 Wave 1 Down Completed The initial decline from 65,462.40 → 63,225.65 measured 2,236.75 points, retracing approximately 70.0% of the previous bullish move. Elliott Wave Count Wave i: 64,507.83 — 954.57 pts Wave ii: 64,877.97 — 38.8% retracement Wave iii: 63,802.92 — 1,075.05 pts Wave iv: 64,486.21 — 63.6% retracement Wave v: 63,225.65 — 1,260.56 pts The wave structure satisfies the main Elliott Wave rules: Wave ii retraces less than 100% of Wave i. Wave iii is not the shortest impulse wave. Wave iv does not overlap the Wave i low. ⚠️ Important: The overlap margin is only 21.62 points, making this count highly sensitive to small discrepancies in tick data. This is the main weakness of the current count. This bearish setup comes after the completion of a 5-wave bullish impulse from 62,288.19 → 65,462.40. The current decline could potentially develop as Wave 1 of a larger bearish sequence or Wave A of a corrective structure. Invalidation: A sustained move above 65,530 would invalidate this setup.