ðââïļBitcoin is moving near the ðīResistance zone($44,800-$44,160)ðī and Inside the Ascending Channel.
ðAccording toElliot's wave theory, wave 3 ended near 50_SMA(Daily), and now we have to wait for the confirmation of the end of wave 4.
ðIt seems that the structure of wave 4 is the Double Three Correction(WXY).
ðWith a lower line of ascending channel broken, we can confirm the end of wave 4.
ðAfter breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the ðĒSupport zone($40,900-$40,200)ðĒ and complete wave 5 (wave 5 can even be truncated).
âïļâ ïļNoteâ ïļâïļ: If Bitcoin can break the ðīResistance zone($44,800-$44,160)ðī, the scenario will change
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame â°.
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