There are signs of potential short-term bullish diamonds forming, suggesting temporary support for BTC and a possible upward thrust. This could coincide with the tech sector's earnings season, propelling BTC upwards towards the $66-$70k range (as indicated by the green line).
Whether we see a bounce from current levels followed by an ABC zigzag correction, or a break lower first, possibly below $57k, my Elliott Wave analysis points towards an ABC correction in either scenario.
Stay tuned for updates as the market unfolds. Trading cautiously with proper risk management is advised.
Whether we see a bounce from current levels followed by an ABC zigzag correction, or a break lower first, possibly below $57k, my Elliott Wave analysis points towards an ABC correction in either scenario.
Stay tuned for updates as the market unfolds. Trading cautiously with proper risk management is advised.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.