After BTC recently made a high around 111,959, we observed a clear impulsive bearish move followed by minor pullbacks.
The current market price stands at 103,396, and based on the structure, it appears that BTC is unfolding a bearish Elliott Wave pattern. If this holds, we could be in the midst of Wave 3, which typically shows strong momentum and continuation.
Key downside levels to watch:
99,620
97,670 – This level also aligns with a bullish breaker on the 4H chart, making it a potential area of interest for buyers.
Strategy:
My current approach is to sell on pullback, targeting the formation of lower highs and aiming for a break below the recent lower lows.
The current market price stands at 103,396, and based on the structure, it appears that BTC is unfolding a bearish Elliott Wave pattern. If this holds, we could be in the midst of Wave 3, which typically shows strong momentum and continuation.
Key downside levels to watch:
99,620
97,670 – This level also aligns with a bullish breaker on the 4H chart, making it a potential area of interest for buyers.
Strategy:
My current approach is to sell on pullback, targeting the formation of lower highs and aiming for a break below the recent lower lows.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。