$BTC appears to be holding relatively well against the US market right now but their declines from their peak are in line with each other.
It has also been less harsh and slower, as this pull back started in December which has allowed the 200 Day MA to move higher, which is why it looks like $BTC is still fighting to recapture its 200 Day MA
I do not believe it can without hitting Wave A first, at the very least to the 0.38 Fib at $73.3k
An ABC correction can bring $BTC down to the $51.1k level which is the standard pull back level.
However approaching $62.2k on the 0.5 Fib I believe will start attracting buyers again.
ES B
2025-04-06 20:39:57 +0000 UTCGeorgette
2025-04-06 20:37:25 +0000 UTC