hello’s

if the spx500 is indeed working on a diagonal, as shared in my last post(view at the bottom of this thread);
then i think this is the highest probability path for Bitcoin to take.
a choppy 3 wave move which goes on for a few weeks, before seeing the final leg down to 22~23k.

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wave 4 could go a bit higher than my current projection, but it would need to maintain the structure of a contracting wedge , and it would also have to get into the territory of wave 2 for it to play out as planned.
(i’m able to move the upper portion of the wedge out a bit to rhyme with the 0. 50% retracement at around 35k.)

will continue to monitor it as the days go by.

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ps. if i’m right about this idea, the corrective phase could come to an end at 22k by the end of july.

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spx500 diagonal 👇