Short-Term Wave Pattern Analysis with Fib
BTC fell from its heights around 47k and is now testing the higher lows trend line.
BTC begins consolidating at 43.6k and completes a bearish rising bottom wedge and falls to 42.1k, then followed by a correction wave of about 61.8%.
This begins completes waves 1 and wave 2. Wave 3 follows with a fall from 43k to 39.6k, followed by a wave 4 correction.
Waiting on MACD bearish divergence on the 1 week and 1 day to open any shorts, still believe btc may be finishing an expanded flat.
If the 4hr candle closes with a long legged doji , we might see a change in current trend.
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