Bitcoin Chart Analysis – May 28, 2025

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📈 Bitcoin Breaks 112K — Upward Counting Continues
Bitcoin has now reached 112,000 USDT, continuing to break new highs.
In my May 24, 2025 idea, I had already mentioned that a rebound would occur around the 106K area.

(Click the image to go to the May 24, 2025 idea.)

Since that idea, I have continued with the wave counting.

The basis of the wave counting at the time was as follows:

Wave 1 analysis: Wave 1 ~ Wave 3 × 0.618 = Wave 5

Wave 3 analysis: Wave 1 × 0.618 = Wave 5

Wave 5 analysis: Wave 1 × 1 = Wave 5

Wave C analysis: Wave 1 × 2.618 = Wave 3

(*Some mentioned that Waves 1 and 4 overlapped, but please note that the impulse in question is a terminal type as per Glenn Neely.)

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🧭 Wave Counting Update After May 24
One new point emphasized in this idea is that Wave C formed an impulse wave during the rise.
The wave counting after May 24, 2025, can be seen in the chart below:


In the chart, you can see that Wave C (impulse) moved up, and impulses and corrections continue to alternate.

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📐 Harmonic Pattern Analysis (Bat Pattern Confirmation)
Around the May 27, 2025 low of 107,540 USDT, one of the most well-known harmonic patterns — the Bat pattern — was confirmed.
This area was a very attractive point to enter a long position.

If wave counting and direction were set accurately, it was a position that could have been clearly captured.

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Also, in the chart below, the 1:1 ratio between wave A and wave C in the abc correction strongly indicates a bullish move.


🎯 Entry and Target Strategy — Based on Alt Bat Pattern
The basis for this bet is the 1.13 Alt Bat pattern in harmonic theory.


Point B: 0.382

PRZ (Potential Reversal Zone): 1.13

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📌 If entering a long position, the targets are as follows:

1st TP: 109,540 USDT

2nd TP: 109,812 USDT

3rd TP: 110,057 USDT

It is not recommended to take profit on all positions when the target price is touched.
Since the current wave count strongly suggests further upside, I recommend holding some positions instead of fully exiting.

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🗺️ Long-Term Wave Counting Reference (Roadmap Presentation)
Lastly, I am reattaching the daily-based long-term wave counting ideas that I previously shared.
They will be very helpful in setting the big direction going forward.

(Click the images to go to the related idea.)