Btc/usdt analysis
#BTC/USDT ANALYSIS
Currently the price is consolidating in between $43k to $42K.
The invalidation point of our bullish count is $39575
As the structure of wave 1 is impulsive, we can clearly see 5 sub impulsive waves inside it and wave 2 is showing a corrective indecisive structure so giving us signs of the start of the new impulsive wave soon.
So our first sign of new impulsive wave is when the price reaches above 38.2% Fib level which is $43.2K . So we have to observe some further price action which will confirm the next move of the market.
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