Elliott waves analysis

Buyers have not yet managed to correct the situation caused by the recent decline, which is being considered as a corrective wave within a potential leading diagonal. If this continues, the diagonal triangle could turn out to be an ending diagonal and form wave C of a zigzag. This scenario should

It seems that Bitcoin will not be able to update its price high in the near future. All attempts have failed, and the price is currently under strong pressure again. There is a high likelihood of wave C beginning to develop within the assumed zigzag, which itself is considered wave [ii] of a formi

The index continues to steadily climb upward, closely approaching the local high. If this trend continues, the scenario involving the formation of a contracting horizontal triangle may be invalidated, and the wave structure will need to be revised. For now, we continue to wait for a downward move.