BTC/USDT Perpetual ContractUpdated Chance for a local long
Whether it's wave b, x, or the start of the new impulse wave 1, there's a good chance that Bitcoin is preparing for a new upward departure. If the price falls below local levels (65300, 64600, 63800), there is a higher chance of bouncing back rather than continuing the correction.
Note
The following bouncing back seemed to be a local b or x rather than the beginning of the new impulse.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.