The market structure suggests we’re currently in wave C of the second corrective wave (2) — and it looks close to completion.
A potential ending diagonal and bullish divergence on momentum indicators signal exhaustion among sellers.
At the same time, Bitcoin dominance is testing a key resistance zone — a level where liquidity often starts rotating into altcoins.
📈 If the current low holds, we could be witnessing the early stages of wave 3 — the impulsive phase where altcoins usually outperform Bitcoin.
🟢 Base scenario: Correction ending → beginning of a new bullish phase
🔴 Alternative scenario: Breakdown of the current low → completion of a W-X-Y structure
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