BTC. Flat. | 11 February 2025
11 February 2025, BTC
Volatility in the asset under consideration is reduced, which, apparently, is due to the development of a corrective structure. Over the past 24 hours, the rate tried to cautiously rise. But this means nothing, because the corrective structure looks incomplete.
In such a case, the price could sharply collapse to the minimum set by the presumed Wave 4. For this reason, considering the current situation for concluding purchase transactions is not recommended. We must wait for the moment of completion of the formation of the presumed Wave (ii), and it may take quite a long time, during which the rate may accelerate rapidly first in one direction, then in the other.
Thus, in the current situation, it is recommended to stay outside of any trading positions. Possibly, in the future, there will be opportunities for short-term deals.
Investment idea: Flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
