Fourth waves are one of the most tricky, unreliable, and least-sensible price structures any asset class can go through.
It is nearly impossible to know beforehand which of these 12+ corrective patterns the market will choose.
Thus, after three waves down and three waves back up, the question now is whether the corrective bounce is already over or if we can expect it to become more complex.
As long as yesterday’s low holds and the price of BTC rallies back above the late March high.
BTC is in a multi-month Primary-IV correction of the same degree as the Primary-II wave that ended in 2018 after the 2017 Primary-I top.