#比特币 Rose from around 60K to 87K. Based on Elliott Wave Theory, it may have completed a major Wave 1 advance.
The current pullback has reached a level worth watching closely:
📍Weekly 50MA: around 76K
📍0.382 Fibonacci retracement: around 76K
Two major technical support levels have unexpectedly converged!
If BTC can find support here and complete a Wave 2 pullback, it may then have a chance to begin a larger-degree Wave 3 advance.
The black swan event failed to break through key support, making the developments ahead even more worth watching!
Can 76K hold? Will the next Wave 3 begin? Time will tell!
#BTC
The current pullback has reached a level worth watching closely:
📍Weekly 50MA: around 76K
📍0.382 Fibonacci retracement: around 76K
Two major technical support levels have unexpectedly converged!
If BTC can find support here and complete a Wave 2 pullback, it may then have a chance to begin a larger-degree Wave 3 advance.
The black swan event failed to break through key support, making the developments ahead even more worth watching!
Can 76K hold? Will the next Wave 3 begin? Time will tell!
#BTC
