Hello traders, Bitcoin in 4-hour timeframe , In the four-hour time, we examined wave 5 in the daily time.
According to our count, wave 5 has completed its main waves 1, 2, 3, and 4, and we are within wave 5.
From wave 5 to wave 5, waves 1 and 2 and possibly wave 3 are complete and wave 4 is at the beginning of its trend.
We think that Wave 4 will be formed in a very simple and clear zigzag pattern to perform the specified descending targets.
And then with the end of wave 4, the ascent for wave 5 consists of wave 5 and Fibo 0.5 continues to move relative to the main waves, and due to the extension of wave (3), wave 5 is more than expected from this target.
We do not have a field point for this scenario, but in general, if the decline continues to the end of wave 2 of wave 5, ie 59800, this scenario will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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