Bitcoin elliot wave theory forecast

Bitcoin could see a bounce here to start a new 5 wave trend to all time highs and another bull run. It does appear that if it fails to hold the 0.618 retracement levels that it will drop to around 37000 eventually which I like very much as a potential buy zone with a swing trade take profit of over 70K BTCUSDT

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Buy order set for 42000 to take initial position lets see how this plays out!