🪙#BTCUSD 12h
CME opened the new week without a GAP, as expected.
📈The chart shows a full bounce from the mirrored support zone upon its retest around 67K. Therefore, it is more likely that the buyer will try to break above 70K again this week, and then above 72K.
❗️We can also consider BTC's price movement within the framework of Elliott's 5-wave structure:
🚀Currently, BTC is in the 5th wave, which should ultimately form above 72.5K, likely around 76K, with a complete liquidity sweep.
We'll monitor the situation from there, but most likely, a corrective ABC wave will begin. It's too early to discuss this in detail. For now, we await the formation of the 5th wave.
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