Denial of 74K Level: Classic Liquidity Withdrawal
As we predicted in our previous analysis, Bitcoin reached the $74,000 target. However, instead of converting this level into support, price action indicates a massive liquidity grab. Following this sweep, Bitcoin began to show negative signs that this move was a distribution phase rather than a true breakout.

Elliott Wave Perspective: The Menstrual Cycle
On the monthly time frame, this correction may take the form of a three-wave (ABC) structure.

Current price action suggests that we have just concluded Wave A of this major correction.

Outlook: For long-term investors, the “moon” target is still far away. We need a healthy correction to reset the indicators before the third wave of shock begins.

Daily Frame Confirmation: Wave 5 or Wave Z?
Turning to the daily time frame, the structure confirms that the final phase of this subsequence (either wave 5 or wave Z) is still present. Downward momentum remains strong, and the market has yet to show a bottoming signal.

📉 Key Axis: $64,500
Important note: This bearish assumption will not be officially activated unless Bitcoin breaks out and closes below the $64,500 level.

Below $64,500: The path is open for further correction and confirmation of the start of the ABC cycle.

Above $64,500: Consolidation remains unlikely, but selling pressure is building.

⚠️Advice to investors (holders)
Patience is your best friend now. It would be too risky to pursue the moon immediately. We must wait for this corrective structure to complete before looking for new trades into all-time highs. Protect your capital.

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