Nothing interesting happened from the perspective of price movement in the considered trading pair during the past trading day.
The price continued its sluggish wandering within a range that has taken shape at the moment. False breakouts are possible in both directions in the future.
At the same time, the wave pattern remains unchanged so far. The correction we are currently observing is likely the fourth wave of a downward impulse, which is part of wave iii.
In this case, another sharp drop in price is possible in the future, after which a larger corrective structure will begin to form.
Therefore, a cautious sell-off option upon breaking out of the range can be considered.
The Bitcoin situation is developing in full accordance with the considered wave scenario. The price has risen confidently, forming the third wave within the forming wave (v). Currently, there is an attempt at a decline, which is most likely corrective in nature.
There is one more wave for growth, so previously opened long positions can be partially kept open, but it is better to close the majority of them, locking in profits.
Further on, the beginning of a correction formation is visible, but what will actually happen over time will become clear.
Investment idea: BUY 85200, SL 84000, TP 89000.
#NQ100: BUY 30600, SL 30350, TP 31850.
The wave scenario for the NASDAQ100 index has been slightly adjusted. It was previously noted that we may currently be observing the development of a final diagonal triangle. However, it was unclear where its development could have started from.
It is possible that waves 1 and 2 of this pattern have already formed at this moment. The current upward movement is likely wave 3 and takes the form of a zigzag.
If this is indeed the case, we will see further growth, but the potential is already limited. Previously opened long positions can continue to be held, and cautious buying at current market prices can also be attempted.
