The three charts below are all really just three iterations of the same chart. The message is consistent: More price erosion to come. That said, note that in EW terms, five waves can be considered complete around these levels. It's unlikely, but possible that the decline has played out, so maintain a trailing 50% stop-exit on any bearish option positions. BTC 2-Day This chart should be self-explanatory. A fifth wave is due into the low $40K's. The one caveat I have is that technically, one could count five waves down from the Wave (5) peak last October. It would take a rally above the Wave 4 high into the low $80K's to suggest the decline from the October high is over. Unless and until that occurs, assume further decline into the low $40K's over the summer and maybe longer. IBIT 2-Day MSTR 2-Day MSTR Sep Puts
