Bitcoin Elliott Wave technical analysis [Video]

07/09/2025 05:00:00 GMT|ByPeter Mathers

BTC/USD Elliott Wave technical analysis – Daily chart

Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 3.
Direction: Next higher degrees expected to continue upward.

Bitcoin (BTC/USD) trading strategy

After BTC surpassed $110,590 to complete wave (1), it's now consolidating in wave (2) ABC, with sub-wave C testing a key support level before wave (3) likely resumes to the upside.

Trading strategies

For short-term traders (swing trade):

Aggressive entry: If BTC falls into the $107,200–$106,300 zone and shows a bullish reversal signal (e.g., bullish engulfing pattern, RSI divergence).
Conservative entry: Wait for confirmation with BTC closing above $110,600, indicating wave (3) has resumed.

Wave count invalidation:

Invalidation level: $105,149.53.
If BTC drops below this price, the wave count becomes invalid.

BTC/USD Elliott Wave technical analysis – Four-hour chart

Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 3.

BTC price outlook

Post the breakout above $110,590, the asset has entered an ABC corrective phase for wave (2). Sub-wave C is testing crucial support. A rebound from this area is likely to begin wave (3) higher.

Trading strategies – Summary

For short-term traders (swing trade):

Aggressive entry: Enter between $107,200–$106,300 if a bullish pattern appears.
Conservative entry: Confirm breakout above $110,600 to enter.

Invalidation point:

$105,149.53 – Falling below this invalidates the current wave count.

Bitcoin (BTC/USD) Elliott Wave technical analysis [Video]

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