$BTC breaks $115k invalidates Wave 5 -- still Wave 4 correction.

So it was a long squeeze after all, and one that was coming.

The initial thoughts were that we're on a Wave 5 up and counting:

But we're brought back down to earth as BTC breaks below $115k, invalidating a Wave 5 count.

So, it's official: we're still on a Wave 4 correction, which can go as low as 0.618 fib towards $112k.

Now painting a likely scenario given that Wave 2 correction only moved 0.236 fib ~ 0.328 fib (Wave 2 & Wave 4 often contrast):

This could play out till end July or even all the way into early August, which if comes to fruition, could signal for a bullish August.

And August has historically almost always been a bearish month (8 red historical months out of 12).

Pinch me.