Technical analysis by Portfolio_Punt about Symbol BTC on 12/5/2025

BTC: One More Push to 94K Before Potential Reversal? 📊 USDT.D Elliott Wave Analysis: Currently tracking Wave B of an ABC corrective pattern on USDT Dominance. This suggests we're in a counter-trend bounce before the final Wave C decline, which historically correlates with one more leg up in BTC. BTC Technical Setup: Successfully retested the descending trendline (visible on 4H) Breaking out of the converging triangle pattern Target: ~94,000 zone Timeline: Expecting the move to complete by Sunday night/Monday Key Observations: USDT.D showing signs of exhaustion in its corrective bounce BTC maintaining structure above support Trendline retest providing confluence for the next impulse move Trade Considerations: Watch for momentum slowdown approaching 94K Monitor USDT.D for Wave C initiation signals Potential distribution zone forming into Monday session Risk Management: This could be the final push before a deeper correction. Consider: Taking partial profits near target Trailing stops on remaining positions Reducing exposure ahead of the weekend/Monday transition