BTC/USD Elliott Wave Technical Analysis – Daily Chart

• Function: Follow Trend
• Mode: Motive
• Structure: Impulse
• Wave Position: Wave 3
• Direction of Higher Degrees: Uptrend expected

Trading Strategy (BTC/USD - 07 July 2025):
Following the completion of wave (2) at 98,192 USD, Bitcoin has entered wave 3 of a new upward impulse. This move projects potential price action to the 1.618 Fibonacci extension at 123,183 USD.

Trading Tips for Swing Traders:

• Strategy: Use minor dips as buying opportunities to ride wave 3 acceleration.
• Invalidation Level: A break below 107,240 USD would negate the current wave count.

BTC/USD Elliott Wave Technical Analysis – H4 Chart

• Function: Follow Trend
• Mode: Motive
• Structure: Impulse
• Wave Position: Wave 3
• Direction of Higher Degrees: Continuation to upside expected

Trading Strategy (BTC/USD - 04 July 2025):
The 4-hour chart confirms the daily structure. Bitcoin, post-consolidation at 98,192 USD, is now forming sub-wave 3 within a broader bullish move, with potential to hit 123,183 USD.

Swing Trade Plan:

• Buy minor corrections within the uptrend to join wave 3.
• Invalidation Level: Drop below 107,240 USD will cancel this wave count.

Analyst: Kittiampon Somboonsod, CEWA

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