Two Valid Scenarios Remain | Elliott Wave AnalysisBitcoin / U.S. dollarBITSTAMP:BTCUSDMehdi_Abbasi_EWPBitcoin (BTC/USD): Two Valid Scenarios Remain | Elliott Wave Analysis In this analysis, both the conservative and aggressive scenarios remain valid. Until the market completes its structure, neither scenario has a decisive advantage over the other. Under the conservative scenario, there is a possibility that the larger-degree Wave (IV) has already been completed, and the market is now developing Wave (1) of Wave (V). If this wave count is correct, the current correction may complete Wave (2) as a Double Zigzag, allowing the market to resume what could become the largest impulsive phase of Wave (V). From this perspective, price action is the key factor. If the market begins to develop a strong Impulse or even a series of Nested 1-2, 1-2, 1-2 formations, it would significantly strengthen the probability that a new impulsive advance has already begun. On the other hand, the aggressive scenario still suggests that the recent decline was only the first stage of a much larger corrective structure. In this case, the current rally may simply be another corrective phase, whether as a Simple Zigzag, Double Zigzag, Triple Zigzag, or any other valid corrective pattern. Once that structure is complete, another decline would be expected. If this scenario unfolds, the larger corrective targets remain in the $30,000–$40,000 region. Furthermore, if the market is still developing the larger-degree Wave (IV), a deeper correction toward the Wave (4) of Wave (5) region, near $15,000, cannot be ruled out and remains a valid structural possibility. At this stage, the most important question is not where price will ultimately trade, but whether the current advance marks the beginning of a new bullish trend or is simply a corrective rally before the next decline. As with every Elliott Wave analysis, this is a structural interpretation of the market—not a price prediction. As long as the rules and guidelines of the Elliott Wave Principle continue to support these wave counts, both scenarios remain valid. Ultimately, the market itself will determine which structure unfolds. We do not predict price—we follow the structure the market builds. — Mr. Nobody Independent Elliott Wave Principle Researcher "Patterns whisper. I listen." 📊🎧 Bitcoin Jun 2 BTCUSD 4H | The Geometry of Patience: Price, Time & the Triple Z Bitcoin May 22 BTCUSD — The Macro Structural Cycle (2026–2030) Bitcoin Futures 6 days ago Wave (IV) May Be Preparing the Next Bullish Cycle Bitcoin 5 days ago Bitcoin (BTC/USD): Simple Zigzag Remains the Preferred Structure