Bitcoin Chart Analysis – June 4, 2025

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Hello, this is Seovereign.
In this idea, I will approach the Elliott Wave Theory from a fundamental perspective and share the entry point and take-profit level together.

Chart Analysis Overview
Top Left Chart: Wave Structure and Rationale
The current wave is judged to be a complex correction (W–X–Y) structure,
in which the Y wave appears to have extended to approximately 1.618 times the W wave.

Formula: Y = 1.618 × W

In the subsequent Impulse wave,
the 5th wave is estimated to have formed a length of 1.618 times that of the 1st wave.

Formula: Impulse 5 = 1.618 × Impulse 1

In the final wave, an Ending Diagonal pattern is observed.
This aligns with the typical rules of Fibonacci ratios and Elliott Wave Theory,
suggesting that the current zone may be entering a technical completion phase.

Bottom Left Chart: Supporting Structure
In this section, a 5-wave diagonal with overshooting appeared,
followed by a corrective wave sequence.
This 5th wave appears to have ended with a length ratio of 0.5 times the 1st wave.

Conclusion and Scenario
Referring to the right chart, a predicted path for future movement is presented.
As of now, the first target price is set at 108,191,
with the following rationale:

Whipsaw near 103,600

Support formation zone around 104,800