$BTC 4.6 Bitcoin Market Analysis: After breaking through the key level of 68,000, it is likely that the complex WXYXZ corrective structure beginning near 76,000 has concluded. The anticipated X-wave double zigzag pattern completed near 65,000, and the subsequent minor guiding wedge retracement was shallower than expected. With the upper channel boundary breached, the C-segment of the Z-wave may have already initiated. The current structure no longer supports further short positions; trading should primarily focus on going long with the trend. Stop-loss for long positions can be placed near the channel breakout level at approximately 65,000—the starting point of the C-wave. The first target is the Fibonacci 0.618 extension level, around $72,000. Ethereum’s structure mirrors Bitcoin’s, with a clearer consolidation pattern that has already retested the prior low. With the key level breached, the initiation of the Z-wave is highly probable; a long position can be taken in sync, with a stop-loss set below the consolidation zone’s lower boundary and the first target at the 1.618 extension level. Please note that Elliott Wave Theory is subjective, and market structure may change. All trading recommendations should be combined with real-time price action, and stop-loss orders and position sizing must always be used to manage risk.