I believe that in the coming weeks, we will see a larger correction in the BTC chart, bringing the price back to around $83,000. The pattern shown in the chart is a sub-chart of the larger timeframe and indicates an ongoing ABC correction, which is marked as impulsive waves 1, 2, 3, 4, 5 within Alternative 1.
Ideally, the price moves toward the black rectangle and then impulsively upward to complete a clean three-wave (A-B-C) structure. This movement could be an impulsive rally that significantly increases market potential. Alternatively, we could fall to the lower edge of the rectangle and form a bottom there. This consolidation would provide market participants with security and create a base for an impulsive rise.
The bottom formation is characterized by a diagonal triangle (A-B-C-D-E). After completing this bottoming process, an impulsive move is expected, marked as A on the chart. We will encounter a strong resistance zone indicated by wave B.
Further upward movement should continue within a three-part corrective structure marked as W-X-A-B-C on the chart.
That’s my analysis – feel free to share your opinions or correct me if needed!
BTCUSD
Ideally, the price moves toward the black rectangle and then impulsively upward to complete a clean three-wave (A-B-C) structure. This movement could be an impulsive rally that significantly increases market potential. Alternatively, we could fall to the lower edge of the rectangle and form a bottom there. This consolidation would provide market participants with security and create a base for an impulsive rise.
The bottom formation is characterized by a diagonal triangle (A-B-C-D-E). After completing this bottoming process, an impulsive move is expected, marked as A on the chart. We will encounter a strong resistance zone indicated by wave B.
Further upward movement should continue within a three-part corrective structure marked as W-X-A-B-C on the chart.
That’s my analysis – feel free to share your opinions or correct me if needed!
BTCUSD 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.