Assuming the leading diagonal interpretation is correct then its likely wave 1 of a new 5 wave impulse higher.
As such we would expect wave 2 correction to complete (possibly this weekend) before a powerful wave 3 $BTC advance towards the #BTC ATH

#SPX valuations are becoming extremely stretched, similar to the Yr 2000 dot com crash valuations.
Not to say a correction is imminent but we need to watch carefully.

Hold on for that weekend dip #BTC & #Altcoins

#BTC LEADING DIAGONAL ???
✔ There is a clear 5-wave downward ending structure into wave C
The low around 80,421 looks like your Wave C termination point.
✔ Price has broken upward from the steepest part of the downtrend
This is consistent with the beginning of a new motive wave.
The current upward movement is choppy and overlapping
This is consistent with a leading diagonal.
✔ Price is respecting diagonal resistance
Descending trendline aligns with the shape of a potential diagonal.
✔ Retracement aligns with fib levels typical for Wave 2
Price is hovering around the 0.5–0.618 retracement $BTC

#Bitcoin is a "coiled spring" waiting to blast HIGHER NEXT WEEK
$BTC to new ATH soon
Looking to position this weekend 🚀
#Altcoins should follow suit aggressively

#Inflation expected to accelerate going forward which may slow the pace of future rate cuts - At least it should but who knows? - If Trump gets his way we could have inflation sky rocketing 🚀 on his aggressive cut policy

This is a great alternate #BTC wavecount to the one I posted earlier.
It shows an ABC correction down from the ATH, where C=A precisely.
Personally I favour this count and retain a cautiously Bullish outlook

Virtually nailed on we get an #InterestRate cut tonight of 25bps
Next year we now have 2 cuts priced in but clearly that could change dramatically depending on incoming data.
Tonight is all about FUTURE EXPECTATIONS that will drive #Crypto & #BTC prices - the cut is irrelevant

So where next for #BTC ?
EITHER - A corrective rally toward:
$94,000–$96,000
Retest of breakdown level
Near the 1.0 Fib zone
Also near the dashed trendline.
OR $103,000
The true decision point
Prior support now resistance
If broken then trend resumes upward
Bullish confirmation
A 4H or daily close above $103K flips market structure back bullish and negates further downside Fibonacci extensions.
However, Bearish Case (Still possible if rally stalls at $94–96K)
If price cannot reclaim $94K–$96K and rejects from the trendline:
Next downside levels
$85,500 (1.382 extension – already tested once)
$

#Solana has completed a multi-month downtrend after a strong run-up. Recent candles show the price stalling around the $125–$135 zone, which acted as support earlier in the year.
The trend from August to November is clearly down, but the recent weeks show:
Selling momentum slowing
Price holding above the prior $110–$120 demand zone
A series of higher lows on the micro timeframe
This hints at accumulation, not capitulation.
Key levels marked on the chart:
Support: $120–$125
Resistance: $145, $160, then $180
Major breakdown line: $110
Unless $110 breaks, no major bearish continuation structure i

We have a serious dilemma here - which should be resolved in coming days.
It looks as though we have 5 waves in the making from the #BTC ATH - BUT when the count looks this clearcut, then I have doubts on the interpretation and MUST await clarity.
My conclusion is WAIT AND SEE!

Such a BIG day on Wednesday for #BTC & #Crypto driving data.
Inflation, employments and #FOMC rate decision

Crypto Market Update
BTC pulls back to the $92K zone, down about 1%, as markets stay cautious ahead of major options expiry.
ETH trades near $3,150, showing relative strength, with signs of underlying accumulation despite broad market softness.
Over $4B in BTC + ETH options expire today — adding pressure and intraday volatility.
BTC struggling to reclaim $93K, with sellers active on every bounce.
ETH continues to outperform, supported by stronger fundamentals and improving on-chain flows.
Market entering a consolidation phase as traders wait for macro cues and liquidity remains thin.
BTC holdi

We have a GREAT wait and see trade potential here.
If trade breaks higher above $BTC 103,530 we have a BUY
If trade breaks lower in 5 waves from here then we also have a #BTC BUY
Both scenarios should deliver a decent profit with minimal risk

This #GBPUSD chart has not been changed in a month now and demonstrates the correlation to #BTC that I have often mentioned.
The fact that much higher is expected bodes very well for #Crypto & risk assets in general