Bitcoin has been in a consolidation phase since the end of March.
This complex correction looks like Wave 4 of a larger 5-wave cycle to me.
In the meantime, traditional markets such as the SP500 and NASDAQ are at all-time highs.
Tomorrow is NFP day and this could be the last day of this consolidation for Bitcoin before another expansion to new highs.
We are looking for a catalyst to end this phase, and NFP could be it!
There is clearly a strong cluster between $54k and $55k for BTC!
Indeed, we have:
1. The ascending channel support
2. Two daily imbalances
3. Fib extensions and correction cluster
$BTC #BinanceTournament #LayerZero #CPIAlert #US_Job_Market_Slowdown