Bitcoin has been moving in a descending channel for about two monthsâ°.
In terms of the structure of Elliott waves, it seems that the waves in the descending channel are forming a Double Three Correction structure(WXY).
Currently, Bitcoin seems to be completing microwave B of the main wave Y.
I expect Bitcoin to retrace itself to the top of the ascending channel and then attack the ðĒheavy support zone ($ 25,280-$ 24,410)ðĒ.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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