After the announcement of the Consumer Price Index(CPI) Indexes, it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory, Bitcoin seems to be completing the Leading Diagonal.
Also, we can see Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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