Here we can see elliot waves impulse and correction now price drop from its 61% fib level 48k$ and come back to its strong trend line. previously we seee when price hit the trend line we see a strong bounce we expect price bounch from here also double bottom formation if price bounce from here we see btc price at 48k$ and 50k$ but in the case price break the trend...
In this analysis we can see us 30 is in uptrend in Daily timeframe now we see a pull back to 61% fib level and also very strong dinamics trend line support. US 30 is now bouncing from its support you can entr buy position Here Sl is below 61% level i draw a orange line and your target is next resistance previous support and next target is All time high. GOOD LUCK...
In this analysis you can see claerly price drop from its resitance level 48100$ and came back to its support of trend line now if price bounch than we see again in 46 to 47 level and than if break its strong resitance next targer is 50k and higher but some more thing for bears is if price break the trendline than we see a deep correction also we see bearish...