BTCUSDT undergoing a typical A-B-C Elliott Wave correction after breaking out of a 3-year range. Expecting the C-wave of the correction phase to end around either 22150 (equal measure of A wave down) or 22036 (38.2% retracement of last impulsive move). If those don't hold, expect the C wave to extend to 21,464 (50% retrace) or 20,082.
Given the massive amount of institutional money looking to gain exposure, I would expect retracements to be shallow. Suggest laddering limit orders at above support levels. For the time being, 20k breakout level is STRONG support.
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