Bitcoin took a significant hit yesterday, dropping past our initial target zone and finding support at the secondary zone outlined in Plan B.
The purpose of our plan is to identify key levels or zones that serve as strong areas for potential trades. If the Plan B level continues to hold, the price may form a potential leading diagonal, creating a wave structure from 1-5 as highlighted on the chart.
This scenario could push BTC's next target back to the 66k-68k range. This setup allows us to use a tight stop loss just below 56k.
It's a volatile market, so we should be prepared for any outcome. Trade safely.