BTCUSD Elliott Wave Technical Analysis – Daily Chart

BTCUSD Elliott Wave Technical Forecast

Function: Trend-Following

Mode: Motive Wave

Structure: Impulsive Pattern

Wave Position: Currently in Wave 3

Higher Degree Trend Direction: Bullish Momentum Anticipated

Trading Strategy (BTC/USD – 07 July 2025):
Bitcoin has likely concluded Wave (2) at the 98,192 USD level. The cryptocurrency is now progressing through Wave 3 of a bullish Elliott Wave impulse, with a projected target near the 1.618 Fibonacci extension level at approximately 123,183 USD.

Swing Trading Tips for Bitcoin (BTC/USD):

✅ Recommended Strategy: Buy on minor retracements to align with Wave 3's upward momentum.

🟥 Invalidation Level: A decline below 107,240 USD invalidates this Elliott Wave count.

BTC/USD Elliott Wave Technical Analysis – 4-Hour Chart (H4)

Function: Trend-Following

Mode: Motive Wave

Structure: Impulse Formation

Wave Position: Advancing in Wave 3

Higher Degree Trend Direction: Uptrend Likely to Continue

Trading Strategy (BTC/USD – 04 July 2025):
On the 4-hour chart, the Elliott Wave structure aligns with the daily analysis. After consolidating around 98,192 USD, Bitcoin is shaping sub-wave 3 within a broader bullish pattern. This move suggests potential continuation towards the 123,183 USD resistance, aligning with Fibonacci projections.

Bitcoin Swing Trading Plan (H4 Outlook):

✅ Entry Tactic: Accumulate positions during brief pullbacks to ride Wave 3's upward thrust.

🟥 Invalidation Point: A move below 107,240 USD nullifies the current Elliott Wave outlook.

Technical Analyst: Kittiampon Somboonsod, CEWA

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