As shown in the chart, we have a completed Wolfe wave consisting of five main points with perfect adherence to the model rules:
Wave 1-2 is the beginning of the corrective movement after an upward trend, representing the first reversal point.
Wave 2-3 is a strong decline with the formation of a new low above the previous low, confirming the path.
Wave 3-4 is a natural corrective rebound, exceeding the previous peak (2).
Wave 4-5 is the final drop to touch the lower channel line connecting points (1 and (3) at the golden point 5 where the upward reversal begins.
The first target area: is located between 152.65 and 166.83, which is the first green area, and represents the standard target for the model after breaking the trend line $BTC
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