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This analysis is not a trade setup there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing.

Make sure you also have a bearish and a bullish scenario on the table. The structure is well-made at this point.

The price action on Bitcoin is very well readable.

Let me know in the comment section: what is your plan? I want to know your opinion, and I will answer your comment!

On the chart, you can see the most likely scenario for Bitcoin.

There is a pretty good chance to visit the 10k level if you haven't seen my previous analysis, make sure to check it out in the related section down below!.

I will make an update and you will know exactly when to sell, so make sure you follow me and also hit the like button right now if you want more updates on BTC!

I recommend you buy Bitcoin at these levels with a profit target of 30k+.

After that, we are going to go down again to 17600 - 17400 to fill the previous GAP and complete the ABC correction. After we reach this level, we are going to go up to retest the previous major trendline because we have a huge unfilled gap and an untested pattern.

The market moves in waves, and wave A should end exactly at the 0.618 FIB.

Usually it acts as a magnet when the price is near this very strong level. The price of bitcoin is currently near the 0.618 FIB.

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