Elliott wave Bitcoin analysis 25.05.2023

The BTCUSD market continues to form a bearish correction B. Inside it, the last sub-wave [C] is unfolding. Wave [C] can take the shape of a simple impulse (1)-(2)-(3)-(4)-(5), as shown in the chart. Shortly expect a price decrease in the final sub-wave (5) approximately to 25238.12. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 26265.11,

Take profit: 25238.12

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