BTC Continues to Range, Lower to come in wave C of 2?

Local Analysis / Targets / Elliot Wave

Yesterdays BTC pullback could be wave 2 of 1 terminating with a swing below the daily pivot point straight into the demand High Volume Node. Bulls want to see this move back above the pivot at least today.

Alternatively wave B of the wave (2) pull back could be complete at $117k, wave C has a target of the S1 daily pivot, High Volume Node Support and 0.382 Fibonacci retracement at $102k. This would coincide with a swing below the daily 200EMA and recovery offering a long signal.

RSI is at the EQ and bearishly crossed.

Standard Deviation Band Analysis

Bitcoin standard deviation bands remain the same as price grinds along its upwards trend just above the fair value regression line after testing it as support. Not much to add here, all is normal!

Safe trading