BTC Long Retracement: Navigating the Correction Phase

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In this analysis, BTC appears to have completed its **five-wave impulse** downward and is now entering a **correction wave**.

The current count indicates that we are in the **C wave** of the correction, with a target zone around **$68,000** (+/- $500).

Traders may consider entering a **long position** during this correction, but it's important to proceed cautiously as this move is against the larger **impulse wave**. Using a **tight stop-loss** and managing your risk carefully is essential in this somewhat risky scenario.

While the correction offers potential upside, the overall trade comes with increased risk, making it crucial to balance position sizes and stay aware of market trends.

Conclusion & Advice :

For those considering this BTC long retracement, ensure proper **risk management**. Keep a **tight stop-loss** in place and proceed with **smaller capital** due to the trade’s countertrend nature. Staying disciplined with stop-losses and managing risk will help mitigate potential losses while capitalizing on this opportunity.