Bitcoin (BTC/USD) Elliott wave technical analysis

Bitcoin (BTC/USD) has entered a corrective phase after surpassing 110,590 USD. Analysis points to an upward trend resuming in wave (3) after testing the sub-wave C support level.

Short-term strategies suggest aggressive entry for traders if BTC falls between 107,200 USD and 106,300 USD, while conservative entry awaits confirmation above 110,600 USD. The invalidation point for the current wave count is set at 105,149.53 USD.

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