BTCUSD has completed a strong impulsive drop, and the market is now starting to build a corrective sequence. The internal structure of the current bounce remains corrective, suggesting this move is likely part of a larger wave formation rather than the start of a new impulsive trend.
If the sub-waves continue to unfold as expected, Bitcoin may form a short-term corrective pattern before the next decisive move. For now, momentum still aligns with a temporary relief structure developing after the impulsive leg down.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
If the sub-waves continue to unfold as expected, Bitcoin may form a short-term corrective pattern before the next decisive move. For now, momentum still aligns with a temporary relief structure developing after the impulsive leg down.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
