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@EtherealVoyage
@etherealvoyage
BTC/USDT 1H Analysis 👑 It seems like we might be ringing in the New Year in red. The weak opening today sets up a potential correction scenario in [4], likely forming a zigzag pattern. Current Wave Structure: Wave (b): Likely completed yesterday. Wave (c): Anticipated next, targeting liquidity below 85k$. Depth of Correction: 85k$ is considered the deepest point for this corrective wave. Following this, a transition into wave [5] is expected, with 120-130k$ as the target range. Strategy: Monitor closely for liquidity grabs below 85k$. Prepare for the reversal into wave [5], which could offer strong upward momentum. Patience will be key during this corrective phase!
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