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.