BTCUSDT — H4 Wave 3 Formation + Trendline BreakoutBTCUSDT — H4 Wave 3 Formation + Trendline Breakout
🔎 Market Structure (H4)
On the H4 timeframe, price has completed Wave 1, followed by a corrective Wave 2.
The current impulse confirms the formation of Wave 3 after a breakout above the descending trendline.
The move is developing inside a broader corrective environment, therefore this is treated as a local impulsive structure within a higher-timeframe correction.
📐 Higher Timeframe Context
• Higher TF remains corrective
• Wave 3 is forming as an internal impulse
• After target completion, a corrective phase (Wave 4 / ABC) is expected
📈 Primary Scenario — Wave 3 Expansion
Continuation of the upside impulse within Wave 3, followed by a corrective pullback once expansion targets are reached.
🎯 Target Levels (from the chart)
Upside targets (Wave 3):
98,011
95,868
93,849
92,627
Key structural support:
90,575 — reaction / structure-holding level
🛑 Invalidation / Stop
88,439 — low of Wave 2
A breakdown below this level invalidates the Wave 3 scenario.
🧠 Trading Notes
• Avoid chasing price — priority on pullback entries
• Partial profit-taking near targets is recommended
• Increased caution due to higher-timeframe corrective context
📌 Summary
Bitcoin on H4 shows a clear Wave 3 formation after a confirmed trendline breakout.
Targets are defined above, however the broader structure remains corrective — risk control and position management are critical.
Long
