BTC Weekly Analysis (1W)

First and foremost, keep in mind that this is a weekly analysis, and along the way, Bitcoin may experience upward bounces from daily or hourly support levels.

From the point where we placed the green arrow on the chart, Bitcoin started forming a diametric pattern, and with the recent drop, the bullish scenario has strengthened, canceling Bitcoin’s previous triangle formation.

The price has now entered wave F. The green zone is where wave F could potentially complete.

June is the month when this corrective wave (wave F) is expected to end.

Wave G is a bullish wave, and its target could be the red zone.

A weekly candle close below the invalidation level will invalidate this outlook and analysis

For risk management, please don't forget stop loss and capital management
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