(#BTCUSDT ) ๐บ๐ธ
Follow the expected wave path on the four-hour time frame
A decline followed by a rise! ๐
One of the proposed scenarios is the formation of an impulsive wave within a contracting diagonal pattern, representing wave (1)/(A). ๐
We expect a downward movement targeting common correction areas, which align with Fibonacci ratios of 50% to 78.60% of the previous wave length. ๐
If reversal signals appear from these areas, it could be a positive indicator supporting the bullish scenario! ๐ Additionally, breaking a key level could confirm these expectations. ๐
Bullish wave targets:
The target of the bullish wave is to achieve a new all-time high at least, ideally reaching 100% of the length of wave (1)/(A)!
BTCUSDT
Perp
90,386.7
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