BTCUSD Update - Thursday, April 26
Bitcoin retraced with 5 waves down, so we can expect more weakness after a three-wave a-b-c pullback, for wave (b) into 9200/9500 area. However, new intraday low from current levels would suggest that wave (a) is still here, so then watch out for 8400/8500 as potential support.
BTCUSD, 1h
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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