Elliott Wave analysis for Bitcoin 15.03.2024

A powerful impulse wave (3) may have formed as part of impulse [3] currently developing. A bearish correction (4) is unfolding at the moment. Correction (4) will likely be 23.6% of impulse (3) as per Fibonacci levels and form as a zigzag. Thus, the price may fall to 66,137.00 as shown in the chart. In the current situation, consider short trades.

Trading plan for BTCUSD for today:

Sell 67,247.16,

Take profit: 66,137.00.

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