BTCUSD SHORT Hey.
Wave analysis and support levels indicate that Bitcoin and the entire market behind it will face a strong correction to the 7800-8000 area. After that, a strong rollback or flat is possible for several weeks. The second option is a hike to the first support level of the 9300-9500 area, after which the growth will continue.
Eliottwavetheory
Bitcoin Bulls ready to unload?Strictly from a technical perspective BTC is currently under period of consolidation following a impulsive leg to the downside
Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload
Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000