BTCUSD: Retracement Underway — Mapping the $75K & $72K ReloadBitcoin / U.S. dollarBITSTAMP:BTCUSDpato🔍 Market Overview & Wave Count Following the massive post-FOMC impulsive surge, Bitcoin has reached exhaustion after completing a clean 5-wave sequence into the $80,000 – $82,000 resistance area. Over the past few sessions, price has shifted into a corrective phase (A-B-C), with sellers currently breaking down local support shelves. As long as price remains capped beneath $82,000, the structure favors a deeper fourth-wave (Wave (iv)) consolidation before the broader macro impulse towards the $88,000 – $100,000+ target zone can resume. Macro Direction: Bullish continuation once consolidation completes (Macro Target: $88K–$100K). Current Structure: Corrective sub-wave consolidation (Wave Ⓑ / Wave (iv)). Immediate Support (Shelf 1): $75,000 – $75,350 (23.6% Retracement & previous breakout shelf). Deep Support (Shelf 2): $71,750 – $72,000 (38.2% Fibonacci confluence & rising diagonal support). Top Invalidation: Sustained daily acceptance above $82,000. ⚡ Macro Catalysts to Watch Thursday, Sep 3: U.S. ISM Services PMI Friday, Sep 4: U.S. Non-Farm Payrolls (NFP) & Unemployment Rate Expect heightened volatility around economic data releases to sweep liquidity into the major demand boxes. Trade what you see, protect capital, and manage risk!