$BTC :Impulsive Move or Just a Correction? 📉📈
Key Targets to Watch:
🎯 Target 1: $70,522 (Immediate Resistance)
🎯 Target 2: $72,371 (Major Supply Zone)
Looking at the current structure of #BTC, we are at a critical juncture. After a sharp decline, the price has formed what looks like an ABC corrective pattern.
Wave A: Rapid recovery from the lows.
Wave B: Currently in progress, testing the lower support zones.
The Question: Is the move labeled "Impulsive movement ???" the start of a new bull leg, or just a relief rally?
If we hold the current support at Wave B, the path toward $74k+ remains open. However, failing to bounce here could lead to a deeper retracement.
What’s your take? Are we heading for a breakout or a fakeout? 👇
#bitcoin #TechnicalAnalysis #Elliottwave #cryptotrading