BTC futures have slightly different structures, because there is no weekend price action. There are currently so many possible wave counts and this one is the most bearish one.
We bounced up from 47500, but price went up only in 3 waves (3 waves = ABC). If this is indeed 3-wavish bounce, then the downtrend correction isn´t finished and we should see another quite big leg to the downside, somewhere to support at 41k.
We bounced up from 47500, but price went up only in 3 waves (3 waves = ABC). If this is indeed 3-wavish bounce, then the downtrend correction isn´t finished and we should see another quite big leg to the downside, somewhere to support at 41k.