Hi traders,

BTCUSD has now reached the extreme of the bigger triangle (wave 4) correction. So I expect this pair to drop to at least the 4H demand. But I came up with another possibility and that is that the B-leg is a triangle and price is now in the C-leg to make the last push up. We will wait and see what price action does.

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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

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