$BTC
Shorter Timeframe Analysis

I am expecting a possible bounce any moment on #Bitcoin. We got a resolution of a move to the downside, and based on the Fibonacci levels alone, it looks like we’re seeing a solid self-fulfilling prophecy in play.

The termination point of wave 1 has now been confirmed at the last major high, with two key Fibonacci levels now showing strong confluence:

1️⃣ Standard Fibonacci retracement levels: 50%, 61.8%, and 78.6%

2️⃣ Wave A and C fib extension relationship: 100% and 161.8%

The 61.8% retracement level and the 100% wave relationship are almost perfectly aligned, increasing the likelihood that wave 2 is nearing its conclusion.
#BTC #Bitcoin