BTCUSDT Analysis by @pipsnipers

The analysis begins by outlining a flat ABC correction pattern from 2021, transitioning into an impulsive move to the upside, currently in sub-wave 5 of 5. It pinpoints the end of the bear market in late 2022, leading to the current bullish momentum. The analysis identifies wave 1 and 2, followed by an explosive wave 3 and a subsequent seven-month WXY correction. The current focus is on sub-wave 5, beginning April 7. The video indicates adherence to an ascending channel which also suggests a risk-on environment. The video specifies two potential resistances, 110798 and 110342, with Bulls needing to hold $104950, If these levels break, a possible ABC correction targeting 95588, is a risk, potentially forming a right shoulder within a larger inverted head and shoulders pattern. A breakout above these immediate resistances targets 130000 as wave 5. A four hour candle close above the 110839 is required for this leg up to commence, and invalidation occurring below 104950. The analysis, after showing a possible bearish scenario based on resistances, shows how an over throw of the current ascending channel has 130000 as target.