Friends, BTC is currently hovering around $79 100. For the second week in a row, it’s been stuck in place within the range of $78 500 – $80 500, as if it’s waiting for something. And it really is—waiting for the main event of September.
📌 WHERE TO LOOK
Resistance at $80 500 is pressing down, and the thickest level is $82 300. If we break through it, we’ll fly to $85 000. But on the downside we hold $78 500, followed by $77 000. If it breaks there, we’ll be looking at $75 000 and below.
First, there will likely be an upward push to $85 000, and then a classic pullback to $75 000. Why? Because the market likes to build up momentum—and then dump. Keep that in mind.
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💡 WHAT TO DO
Until September 11 (the inflation report), the market will most likely just sit tight. You can do nothing. · The best time to enter is after September 16 (the Fed), when everything becomes clear. · If you’re itching to trade right now, enter with only half of what you planned. Save the second half for after the Fed. · And most importantly—don’t risk more than 1–2% of your deposit on one trade, otherwise later it’ll be frustrating.
The provided chart clearly shows a downward five-wave structure (waves (1)–(5)), which ended around 2,180 (low ~2,179.71). This is a classic wave A in a corrective three-wave pattern (A–B–C). · ✅ The five-wave pattern is complete – the impulse has been exhausted. · ✅ The descending wedge has broken upward – an additional bullish signal.
Friends, today we won't open another position, we don't want to get caught in a shakeout before the markets open, better to continue trading tomorrow, have a nice evening everyone 🤝