This is part of a more in depth analysis, but im posting this just as a way to test out that analysis on a shorter time frame. And as a way to keep myself accountable.
It's entirely possible that the yellow ABC correction completed wave 4 at around 58k, and we are in a wave 2 of wave 5 that will hold the trendline/vol node above 60k.
If we break 60k, we'll likely see 58k again before we shoot up for wave 1 of wave 5.
Long to medium term im still bullish on BTC, but the next few weeks we might see some ranging.
It's entirely possible that the yellow ABC correction completed wave 4 at around 58k, and we are in a wave 2 of wave 5 that will hold the trendline/vol node above 60k.
If we break 60k, we'll likely see 58k again before we shoot up for wave 1 of wave 5.
Long to medium term im still bullish on BTC, but the next few weeks we might see some ranging.