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$BTC Short Term TA

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Based on the chart, BTC has been corrected to 20,700 which is above 50% fibonacci retracement. So, in the short term TF we might see BTC trading range tightened in 21,700-23,800 range. If breaout from 161% fibonacce could take place, we might see a bulish continuation to 28k - 29k price range.
This TA is purely my personal opinion and is not financial advice. keep DYOR
Not
USD Index on 1h TF are showing bearish divergence
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Not
hidden bullish divergence on 1h TF
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Not
Looks like my bullish scenarion might not be successful, see you again on next bull run

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BTCUSDelliottwaveprojectionfibonaccianalysispatternrecognitionTrend AnalysisWave Analysis

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