$BTC Update (4H)

We are currently inside an ABC corrective structure after completing a Standard 5-Wave Bearish impulse. Price is now testing the 0.618 Fib, which aligns with a previously untested low that has recently been swept.

This is a key area to hold if we are to continue pushing higher this week. A reclaim of the 88,100 level would confirm that the recent move down was Corrective Wave B, likely putting us inside Corrective Wave C which should complete around the 92.9k-94.5k region.

BTC

87,137.81

-0.63%