Crypto analyst Darkfost predicts Bitcoin may retrace to $74,600 as the market enters a Wave 2 correction following the completion of its first impulse wave. This target aligns with the 0.382 Fibonacci retracement level, with BTC currently trading below the 21 EMA and finding temporary support near the 50 EMA while the 200 EMA sits at approximately $75,800. Technical indicators suggest a potential Wave B rebound before a final Wave C correction, as the RSI has returned to neutral at 50 and its gap with the 14-day moving average has widened. Despite the anticipated short-term pullback, Darkfost maintains that no concerning signals exist and Bitcoin's medium-term trend remains positive.