BTC one more possible drop

BTCUSD Perpetual Contract BYBIT:BTCUSD

Habib0601

Wave 5 (EW count linked below) looks like it was done in 3 waves rather than 5 (as you can see on my chart)

I could be wrong of course, and we have already bottomed, but it is likely that we get one last move down.
As I said yesterday initiating a long is not a bad idea in my opinion, but be aware of a possible drop.

Area I’m looking for is the same as it was (22-25k), and since we have already hit 25k , look more towards 22-23.5k

Right now we are rejecting the daily at 31k

Any questions?

Good luck traders
Remember not to break your rules

Habib

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