BTCUSD Wave Analysis : Impulse Move Down Expected

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In a recent update on **BTCUSD**, the price finished wave B at **$66,500** before reversing downward. An impulse move took the price from **$66,500** to **$60,000**, forming **wave 1**. Now, the market is about to complete **wave 2**, setting the stage for another downward impulse.

-Ultimate Target for Wave C : $40,000

What to Expect ?

Once wave 2 is complete, BTCUSD is likely to resume its downward trend, with wave C pushing the price closer to the $40,000 level.

Conclusion :

Traders should be prepared for further downside as wave 2 nears completion, signaling a bearish continuation toward the $40,000 target for wave C.