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#Bitcoin Elliott Wave Count Analysis
Intermediate Degree:
🔹 We are observing a potential wave (3) down of a descending impulse on the 1-day chart.
🔹 Target: $48,000 - $44,000.
Primary Degree:
🔹 The 1-day chart suggests wave C down of a zigzag pattern is in progress.
🔹 Target: $58,000 - $61,000.
Cycle Degree:
🔹 At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming.
🔹 Target: $52,000 - $58,000.
Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory.
Always conduct your own research before making trading decisions.
Stay tuned for more updates and detailed insights.
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