BTC ew Update 04-03-2025

BTC update
This entire pattern from 20th January high look like WXY pattern till now of higher degree.
It completed the W on 3 Feb with 91500 low and X on 4th feb with 102400 high, and Y which used to
be a 3 wave pattern has unfolded 28 feb by 78000 low.
Now it has bounced as 3 wave structure which is looking like ABC structure.

This pattern has turned back down from 61.8 % fib zone from XY-

Possiblities.
1- it can turn into a ABC and break below 78k
which make this recent Lower high as another X but rules of triple zigzag
didn't allow trendline break
So in that case entire pattern will be a higher degree W and this becomes X.
2- it can bounce higher and and break above 96 k and make higher degree ABC in the zone of 98 to 100k
break above 102K will confirm the breakout to the upside.

3- it can become a ED, 3-3-3-3-3 move which is less likely.
Internal waves of last move down in 15 minute looks like ABC, if it has to show as impulsive than it wave to make another low.
Lets see how it plays out.
*its not any recommendation to trade*
Just EW knowledge