3Algos

$BTC The pullback is getting fairly deep for what should be wave (2), and there are still no clear signs that a bottom is in place. Because of that, the chances of strong upside continuation are starting to fade. If price breaks below the February 12 low, it would invalidate the current 1–2 wave structure. In that case, I’d lean toward the idea that circle wave B is still playing out. However, for that scenario to stay intact, it must hold the key support zone between $64,558 and $62,604. #StrategyBTCPurchase