This is the 4-hour chart of Bitcoin.
Bitcoin is currently moving within a large box range of 91k to 108k.
Despite reflecting negative news, it’s struggling to make a sharp move upward.
However, since the negative news is already priced in, rather than worrying about further declines, it might be better to focus on positive news and expect an upward movement.
At the moment, within this box range, when the value of one wave reaches zero, we see a gradual increase in the lows, moving from 91k > 93k > 95k, preparing for a potential breakout.
If I enter at the levels I’ve identified and set a 10% profit and loss, I should reach the profit target first.
However, if a breakout happens on the buy side, the entry points I’m targeting may become the new lows, so I’ll continue to challenge and provide an update in the next post