Technical analysis by ElliottWaveStrategy about Symbol BTC on 7/17/2023

🥇 Bitcoin, the largest cryptocurrency by market cap, is currently in a pivotal phase. It has been hovering in a key resistance zone, forming a consolidation over the past month. 📈 This is not a coincidence before a significant impulse, markets often experience periods of consolidation. It's like the calm before the storm, where traders hold their breath, awaiting the next move. 🪩 We're closely monitoring BTCUSD's dance around this resistance. We anticipate a correction before a possible breakthrough of this zone. But in the world of trading, nothing is guaranteed until it happens.