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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