Bitcoin
Long

$BTC Elliot Wave Analysis - Weekend Update 7/9

101
Hello fellow degenerates,

As we get ready for this new trading week, I am presenting to yall the 3 scenarios that I am looking for on Bitcoin.

- For scenario 1, we need a break above 110.4k to target the 126k-122k range.

- For scenario 2, we still need to complete our Wave 2, by retracing towards 103k. After that, we should see a reversal targeting 128k -123k

- The last scenario is based on the idea that we're failing to breakout from the parallel channel we currently have. We could see price traveling towards 98k - 90k range if we have a strong rejection of 110k and a break of our support levels.

- Levels to watch: 110.4k, 106.6k, 103.4k

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