BTCUSDT: Elliott waves update

٦ يناير ٢٠٢٤

On the H4 chart of BTCUSDT, the price, with high probability, is moving in a subwave C within the 4 wave of a bullish cycle. Further down correction is expected to 0.23 - 0.38 Fibo levels of the 3 wave.

Alternative scenario: the flat B wave has produced a shortened C wave and a rally in the 5 wave is expected from current levels.