BTCUSDT
D1 - The price is in the overbought zone on W1; on D1 it can form a 3-wave structure, which can lead to a correction. Locally, with the breakdown of the first wave, you can expect the level of 32964.53
What can you expect?
Waiting for a 3-wave structure and considering sales; if the first wave breaks out, you can consider entering from the level of 40247.77. For a more confident entry, you can also wait for fixation at the level of the first wave. Cancellation if the price continues to rise and breaks the 1st wave high - 44960.12
Short
Target 39364.03 - 37505.13 - 35707.17 - 32964.53
D1 - The price is in the overbought zone on W1; on D1 it can form a 3-wave structure, which can lead to a correction. Locally, with the breakdown of the first wave, you can expect the level of 32964.53
What can you expect?
Waiting for a 3-wave structure and considering sales; if the first wave breaks out, you can consider entering from the level of 40247.77. For a more confident entry, you can also wait for fixation at the level of the first wave. Cancellation if the price continues to rise and breaks the 1st wave high - 44960.12
Short
Target 39364.03 - 37505.13 - 35707.17 - 32964.53