Bitcoin Update: Two Paths, One StructureBitcoinOANDA:BTCUSDMehdi_Abbasi_EWPHey everyone, Here’s my latest Bitcoin update based on the current wave structure. After Bitcoin reached its all-time high last year, we saw a significant decline. In my Conservative Path, that decline is being considered as a seven-swing structure, potentially forming a Double Zigzag for Wave II. The current advance appears to be developing as an impulsive pattern. If this impulse completes, I’ll be watching closely to see what kind of correction follows. The character of that correction could give us important information about the next stage of the structure. As long as the current key low holds, the Conservative Path remains valid. After a correction, the market could develop into a nested structure and continue building higher-degree momentum. Another possibility is that the current advance eventually completes only Wave 1 of a larger Wave III, potentially reaching toward the previous all-time high before the next larger correction develops. The Conservative Path The decline after the all-time high may already represent a completed Wave II correction, while the current move is the beginning of a new impulsive phase. The Alternative Path The other possibility is that the larger correction is not finished yet. In this view, the decline from the all-time high may represent only the first leg of a larger corrective structure. The current advance could then become part of a larger Wave B, which may develop as a zigzag, a sideways correction, or a more complex corrective structure. If this scenario gains confirmation, another decline could eventually follow to complete Wave II at the larger degree. For now, I’m not trying to force a single outcome. The internal wave structure and the key price levels will determine which path receives more confirmation. The market will always have the final word. Our job is to read the structure, respect the rules, and adapt when the structure changes. – Patterns whisper. I listen. – Mr. Nobody 🎧📊 Bitcoin Jul 14 Two Valid Scenarios Remain | Elliott Wave Analysis