$BTC / #Bitcoin: Extreme fear is still missing to complete wave Ⓨ (pink)? 👀 My sentiment model shows fear across all four timeframes, but values between 28 and 36 out of 100 points have not yet reached the “extreme fear” zone. I view this sentiment as a contrarian indicator: the stronger the pessimism becomes, the more interesting a potential counter-movement appears to me. This aligns with my Elliott Wave scenario: sentiment may continue to deteriorate further, with BTC completing wave Ⓨ (pink) within the target zone of $78,882–75,447. Extreme fear could therefore emerge only in the final phase of this downward move. After completion of wave Ⓨ (pink), I still favor a recovery as wave Ⓧ (pink) toward $80,700–84,000, where additional short liquidation potential lies. The target range remains dependent on the final low. Extreme fear would be an additional signal supporting a potential counter-movement, but not a mandatory requirement. Whether the downward wave truly ends must be confirmed by price structure. Let’s go 💪 Knowledge is wealth. Recognize trends. Trade with foresight. TSC | Trend Serra Capital