BTC Impulse Scenario: Wave 2 Pullback Before a Possible 3-of-3 MBitcoin / TetherUSBINANCE:BTCUSDTJeminianThis is a bullish Elliott Wave scenario based on the assumption that the upward move from March 30 is developing as an impulsive structure. If this count is valid, BTC may currently be in wave 2 of the larger impulse move. In that case, the current pullback could be a corrective phase before a stronger wave 3 continuation. The key level I am watching is the yellow descending trendline. This trendline connects two recent swing highs where price clearly reacted as resistance. If BTC breaks above this trendline and then successfully retests it as support, I think a long setup could become interesting. The bullish idea is that after the wave 2 correction is complete, BTC could move into wave 3 of wave 3, which is usually one of the strongest parts of an impulsive structure. For now, I do not want to enter too early. I prefer to wait for a clear breakout and retest confirmation around the yellow trendline.