Bitcoin Elliott Wave technical analysis [Video]

BTC/USD Elliott Wave technical overview

• Objective: Counter-Trend Movement

• Mode: Corrective

• Pattern: Zigzag

• Current position: Wave C

• Larger wave context: Part of Wave ((II))

• Invalidation level: —

BTCUSD trading strategy – Daily chart perspective:

Bitcoin is currently completing a corrective zigzag pattern. The price is progressing in wave (c), targeting approximately $62,075, assuming Wave C mirrors Wave A in depth. Earlier, Wave (a) reached ~$76,510, followed by a bounce in Wave (b) that stalled below resistance near ~$81,388. This suggests bearish continuation in Wave (c) with potential support at the $62K zone.

Trading strategy:

BTCUSD Elliott Wave Technical Overview

• Objective: Counter-Trend Movement

• Mode: Corrective

• Pattern: Zigzag

• Current Position: Wave C

• Larger wave context: Part of Wave ((II))

• Invalidation level: —

BTCUSD trading strategy – H4 chart perspective:

Zooming in, Bitcoin remains within a corrective phase. The coin is tracking wave (c) downward, aligned with the daily projection of $62,075. This level becomes a focal point if Wave C matches the depth of Wave A. The upward movement in Wave (b) lacked strength to overcome resistance at ~$81,388, reaffirming downward bias for the time being.

Trading strategy:

Analyst: Kittiampon Somboonsod, CEWA.

BTC/USD Elliott Wave technical overview [Video]

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