$BTC | LTF Update (4H)

Treating the current top as a Wave 5 here and looking for an ABC correction to the downside.

Corrective Wave A should ideally complete somewhere in the 73.7k-72.8k region which is a key support zone for bullish continuation as well.

Corrective Wave B would likely be the bearish retest of the new monthly open, followed by Wave C into our HTF POI around the 68k-65k region.

BTC
BTCUSDT
80,798.1
+0.59%