Most market participants expect a major correction around October.
That remains a valid possibility.
However, my base case is different.
I believe the market is still underestimating the impact of improving global liquidity and a potentially weaker U.S. dollar.
From both a macro and Elliott Wave perspective, my primary scenario remains a move above $12,000 this cycle, with the 2.618 Fibonacci extension pointing toward the $12.7k region.
If the macro backdrop continues to improve, I believe the final phase of this cycle could surprise to the upside.
Trade the probabilities, not the predictions.