Please refer to the chart. I made this chart on monthly timeframe since January. It's playing out now. Wave 3 is the longest wave. With the heavy stimulus from the US Fed, we are in big time for inflation which results in the big jump of BTC price.
I'm looking for a quick 50 pips move to the upside before a reversal to the downside. If this is the case, we are looking for a massive wave 3 coming soon. The 1D analysis is saying we are in a Wave 5 impulse downward. Please see my other chart for higher tf analysis