BTC Analysis: Elliott Wave and SMC Methods
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BTC Analysis: Elliott Wave and SMC Methods
BTCUSDT Perpetual ContractBYBIT:BTCUSDT.P
![[IMAGE]](https://s3.tradingview.com/i/Iwg0u5lo_mid.png)
The Elliott wave analysis indicates a possible wave 3 in the uptrend, supported by increasing trading volume. The SMC method points to strong support at $50,000, with the RSI signaling overbought conditions. It is recommended to watch for a potential correction before further price gains can be achieved.
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