Technical analysis by alfazkaifee about Symbol BTC on 5/2/2024

Bitcoin most probably ended its fourth wave correction after completing the third. It retraced to wave 4 target which is 0.382 TO 0.5 and also found support on the base channel from wave 1,2. From here I expect it to move to the upper targets for the bigger Wave 3. Right now the words on the street is that Bitcoin broke a very important support area. Where as the real picture is we only went to tap into the monthly fair value gap. If this is not the low then we can see one more dump to the .05 retracement of the impulse and then continue up.