Only for Elliotitians BTCBitcoin is currently in a sideways corrective pattern, which opens the door to multiple possible scenarios. Depending on market sentiment and liquidity, BTC could be forming a complex correction, such as a running flat, expanded flat, or even a triangle consolidation before the next impulsive move. This period of indecision allows both bulls and bears to test key support and resistance levels, creating potential breakouts in either direction. Traders should remain cautious and consider various Elliott Wave structures or range-bound strategies to navigate the uncertainty.
Red is bearish
Blue bullish
Orange bullish
