📊bull structure of BTC is still in place, don't be pessimistic

٣ نوفمبر ٢٠٢٣

➡️There was no update to the analysis yesterday because we were busy printing money and were happy that the market developed as expected and we had a big pullback after achieving our short-term bullish target. According to the Elliott wave theory, we completed the correction wave A with a full falling wave and are currently completing the main wave B with a mini-correction wave.📈

🧠If we can successfully break the upper H point, then we can challenge the bear defense point. If a successful breakthrough means that the short structure is destroyed, it means that we will be able to reach the target area 2 with a high probability.🎯

➡️If we break below the bull defense, then we may exit the upward channel and start a correction⚠️

Let's see👀

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٧ نوفمبر ٢٠٢٣

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