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BTCUSD hit projected target area for wave III and it's now turning down after the BTC spot ETF approval, ideally within a higher degree wave IV correction before the uptrend for wave V resumes. Looking at the 4-hour chart, it came into 38k support area quite sharply, so we think it's wave A and that correction can take more time within a three-wave A-B-C corrective setback that can later retest 38k-35k support zone for wave C, but after some corrective rally in wave B that can recover the price up to 45k - 46k resistance area.

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For detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on February 5th:

Video Length: 00:31:28

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