BTCUSD in correction phase for long term uptrend.

Elliott Wave Analysis : BTCUSD Swing Daily Uptrend, Intraday Downtrend

Trendline analysis on BTCUSD.

Trend Identification: Swing Downtrend BTCUSD .

Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.

Price Behavior: Daily Bullish pullback with market structure.

Targets: T1 = 27500, T2 - 26500. Check for Entry and Stop-loss.

Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.

Confirmation Indicators: Elliott Wave Corrective wave C.

Conclusion: Based on the chart wave analysis of , BTCUSD is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!

(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)


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