The BTCUSD market is forming the initial part of the new descending corrective trend. There could be developing a simple zigzag (A)-(B)-(C). After the impulse down wave (A) finished, the market has turned up and started rising in correction (B). The (B) correction should be developing as a zigzag, with the upward impulse wave A and down corrective wave B completed inside. Wave C should conclude the zigzag-shaped correction at a level of 61215.00, where wave (B) will be 50% of the (A) wave.
Trading plan for BTCUSD today:
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