Technical analysis by HeadsUp2021 about Symbol BTC on 17 hour ago

BTCUSD : I'm considering three scenarios from the least bearish to the most bearish 1). This correction is Wave 4 of a diagonal and places are channeling. We're very close to the lower channel line. I put a 4? to indicate this scenario. 2). BTC has completed a 5-wave leading diagonal. This is marked by the yellow 1-2-3-4-5. BTC is now retracing this 5-wave sequence that started in Sept 2024. Support Zone would then be in the $87K-$74K zone. 3). BTC has completed a 5-wave ending diagonal. BTC is retracing the 5-wave sequence that started from the bear market low. In this case, it can go to $70K-$50K.