‼️ Bitcoin Update‼️
The current analysis indicates a slight adjustment to the micro-count within the yellow scenario, without altering the overall outlook. Bitcoin's price continues to navigate within a sideways range, potentially forming an Elliot wave triangle pattern. Importantly, there hasn't been a breach of support, affirming the bullish sentiment.
In considering short-term scenarios, there are both bullish and bearish possibilities. A short-term bearish scenario entails a break below today's low at 65,011 USD, potentially leading to a decline towards the 59,000 USD mark. Conversely, a short-term bullish scenario suggests that maintaining today's low could signify the initiation of wave c to the upside, aiming for levels slightly above 73,000 USD.
It's worth noting that the probabilities between these scenarios are closely balanced within this correction phase. Any pullback presents an opportunity within this context.
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