Bitcoin Might Be Forming a Local Top – Watch the Trendline!!

After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.

The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.

📉 Structure: 5-wave impulsive move
🟦 Support zone: ~$97,740
🔵 Trendline: Currently under test
📌 Bias: Bearish below trendline
📅 Forecast Date: May 18, 2025
⏳ Timeframe: 4H

This is not financial advice. Always manage your risk.