Bitcoin broke the Range Zone (What is the next Movement)❗️❓

Hi everyone👋.

Bitcoin was moving in the Range zone for about a month and formed a Rectangle pattern. But yesterday, Bitcoin managed to break the lower line of the rectangle pattern, as I expected in previous posts✅.

In terms of the structure of Elliott waves, Bitcoin is in the phase of corrective waves, and it seems that Bitcoin is pulling back to the 🟢support zone($29,850-$29,480)🟢 broken by wave 4.

After the completion of wave 4 I expect Bitcoin to fall to the next 🟢support zone($28,450-$28,080)🟢.
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🌐➕Positive News➕🌐:

Binance Expected to Launch Crypto Services in Japan by August

Former CFTC chairman says stablecoins can be a bridge between two worlds.

🌐➖Negative News➖🌐:

Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action.

Congressman Warren Davidson calls to ban and criminalize CBDCs.

US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
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Bitcoin Analyze ( BTCUSDT), 4-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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