$BTC | Update (4H)

We swept the previous monthly high and likely completed Wave 5 here. Now I’m looking for an ABC correction towards the downside.

There are some EQLs formed around 74.4k, which are my primary target for this week. Once we break below the 73.3k level, a move back down into that region becomes highly likely.

That area will also act as the key bullish continuation zone for the week.

As of now, the trend is running into exhaustion, and it’s only a matter of time before we get the pullback that’s due.

BTCUSDT

Perp

73,862.2

-0.90%