The situation continues to develop according to the previously considered plan. The euro is under pressure and weakening. At times, the price accelerates too strongly, as if trying to form the missing waves in a single moment. However, the market does not like such haste and pushes the rate back, so that it can traverse this path again, but at a more relaxed pace.
The observed decline still appears to be an impulse wave in which wave iii is developing. If this is indeed the case, then previously opened short positions should be maintained. Additionally, upon a new low established by wave i, one may attempt to open new positions in the same direction.
The market confirms the assumption that the price of Bitcoin will continue to remain within a certain price range, forming a correction.
The attempt to rise was immediately thwarted, and the rate began to gradually decline, trying to find solid ground to push off from and rise well.
Thus, a corrective wave (iv) is likely forming, which will continue to develop in the near future.
The downside potential is small, and it is not yet time to buy, so there is no point in considering trade options for now.
The only possible signal is an update of the maximum established by wave (iii) to enter buy trades with the aim of capturing the movement in wave (v).
Investment idea: BUY 82200, SL 80000, TP 90000.
NASDAQ 100
The index continues to remain under pressure, failing to find the necessary arguments to resume its confident strengthening.
And this is a bad sign; the longer the price stays in place, the more it gets stuck in this complex corrective structure, from which it becomes increasingly difficult to escape.
Currently, the price position is viewed as part of a correction that takes the form of a double zigzag. A downward wave is expected in the near future to complete this entire pattern. After that, there may be another attempt to resume the upward directional movement.
