🛑🛑Market update and complete Analysis on basis of Elliot waves.
🛑Bitcoin is stable Above 100000 critical area and 🛑ETH and other coins are on good move.
Reason:
🛑ETH dominance increasing and BTC decreasing.
Coins always moves with ETH organically. ETH is leader.
📈📉📈Bitcoin correction:
I am hoping to see a correction on BTC here.
There is a chance that it keeps on going up, however many of the indicators suggest that a pullback would be beneficial to reset momentum. A decent retracement would offer some long entry opportunities for people trying to get in.
From a liquidity perspective
above - there is a bit up at $104k-$105k that could be swept first before a move down.
below - there are late longs at $100k, and then there are 2 big areas of large liquidity at $92k and $86k.
The correction is always necessary for more upward move.
Liquidity is like petrol for price.
