$BTC
Bitcoin Hits New Low in Target Zone - Prime Opportunity for Long Positions

Bitcoin recently dipped to a new low within our green Target Zone ($58,655 - $47,012), perfectly aligning with our expectations.

We anticipate the price to continue its downward trajectory to complete the green wave 4. This Target Zone remains ideal for establishing long positions, with a stop set 1% below its lower edge to mitigate risk.

However, BTC could reverse upwards at any moment, as the technical requirements for a correction low have been met. Following this, Bitcoin is expected to resume its overarching upward movement, with the initial target being a breach of the resistance at $73,462.