BTCUSDT 4H: INSIGHT

Analysis:

  • Although I'm leaning towards a bearish outlook, the formation of a diametric triangle and the current sideways movement of prices after a series of sharp rallies suggests that this could still be wave 4 and there is a possibility of a "final advance" or wave 5. It's important to note that if the price breaks down from this range, the target price mentioned earlier will no longer be valid. Best of luck with your trading.
Elliott WaveSupply and DemandTriangle

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