Elliott wave analysis of the market for September 8, 2026 BTCUSD

FreshForexTeam
FreshForexTeam

BTCUSD: BUY 80550, SL 78600, TP 86500.

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Bitcoin has so far failed to continue its strengthening. The start of the trading week turned out to be difficult for it; there is pressure on the asset that it is not handling very well. As a result, we see the price dip slightly.

But this is not critical, the situation is within the bounds of a correction, so the previously considered scenario still remains relevant.

It is still assumed that the impulse, which is wave 5, will develop. For this, a decisive upward leap is necessary; it may happen in the near future, and at the update of the local maximum, one can enter buy trades.

Investment idea: BUY 80550, SL 78600, TP 86500.

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