**Overview:** In the wake of our recent Bitcoin bull rally projection, a critical juncture required close monitoring. The latest chart update suggests that while a short-term correction is anticipated, the overall bullish sentiment for Bitcoin remains intact.
**Key Insights:** 1. **Critical Point Monitoring:** - In the previous Bitcoin post, a chart update emphasized the need for vigilance at a crucial juncture. - Short-term clarity was sought before projecting the current status of our bullish move.
2. **Ongoing Bullish Momentum:** - Current analysis indicates that Bitcoin is still in the midst of its bullish trajectory. - Anticipate a short-term correction over the next couple of weeks, unless there's a decisive break above 69k.
**Strategic Approach:** 1. **Exercise Caution:** - Buying Bitcoin at the current price is cautioned against. - Awaiting a potential wave 4 retracement to present an optimal buying opportunity for maximizing profits in the upcoming rally.
2. **Synchronized Movement with NASDAQ:** - Observations align with the movement in NASDAQ, adding confidence to the positive outlook for Bitcoin. - Positive sentiments prevail, at least in the near term.
3. **Ethereum (ETH) All-Time High:** - Keep an eye on Ethereum as it's poised to break its all-time high. - ETH movements may provide additional insights into the broader cryptocurrency market sentiment.
**Short-Term Outlook:** 1. **Weeks of Correction Expected:** - Anticipating a short-term correction over the next few weeks. - The bullish trajectory is expected to resume unless Bitcoin breaks above the crucial 69k level.
**Looking Ahead:** 1. **Last Rally Profits:** - Wise to refrain from buying at the current Bitcoin price. - Await the wave 4 retracement for a potential buying opportunity to maximize profits in the final rally phase.
**Market Synergy:** 1. **Positive Vibes for Bitcoin:** - The overall sentiment for Bitcoin remains positive. - Market movements align with the anticipated bullish trajectory, corroborating the optimism.
**Additional Notes:** 1. **Stay Informed and Vigilant:** - Keep a watchful eye on Bitcoin's movements and any market developments. - Flexibility and adaptability are key as the cryptocurrency market evolves.
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Correction has been completed with WXY waves, 5th wave should get us to new ATH. If we break the local low, that would mean we have entered bear market.